Rising fuel costs drive up brewing costs in Asia, Heineken (HEINY.US) says it is passing 70%-80% of cost pressure on to consumers.

Zhito Finance App has learned that Heineken (HEINY.US) Asia-Pacific President Jacco van der Linden said that rising fuel costs triggered by the Iran conflict are driving up the company's brewing input costs in Asia. "We are seeing this reflected in input costs, especially in Asia," he said in an interview on Monday. "In Asia, we rely more on oil from the Middle East, and local oil reserves are relatively smaller."