New Delhi, March 24 -- The Confederation of Indian Alcoholic Beverage Companies (CIABC) urged state governments to consider price revisions for Indian Made Foreign Liquor (IMFL) as geopolitical tensions in West Asia drove up input and logistics costs. The industry body noted that the volatility in global crude and fuel prices, alongside significant disruptions in shipping routes, created a broad-based increase in expenses across various sectors in India.

According to a press release by the CIABC, the alcoholic beverage industry faced sustained cost pressures across its value chain even before recent escalations. The ongoing conflict in West Asia added further inflationary strain on supply chains, specifically impacting petroleum products...