# Public Health (Minimum Price for Alcohol) (Wales) Act 2018, Section 1: Minimum price for alcohol


(1) The applicable minimum price for alcohol is to be calculated, for the purposes of section 2 of this Act, by applying the formula M × S × V, where—
(a) M is whatever price is specified in regulations as being the minimum unit price for the purposes of this Act, expressed in pounds sterling,
(b) S is the percentage strength of the alcohol, expressed as a cardinal number,
(c) V is the volume of the alcohol, expressed in litres.
(2) Where but for this subsection the applicable minimum price for alcohol would not be a whole number of pennies, it is to be rounded to the nearest whole penny (taking half a penny as being nearest to the next whole penny above).
(3) For example—
(a) in the case of a bottle of wine, S (percentage strength of the wine) is 12.5%, and V (volume of the wine) is 75 centilitres;
(b) taking M (specified minimum unit price) to be £0.50, the applicable minimum price for the wine would be calculated as £0.50 × 12.5 × 0.75 = £4.69.

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Source: https://www.legislation.gov.uk/anaw/2018/5/section/1 (the official version)
Page: https://openlegislation.uk/public-health-minimum-price-for-alcohol-wales-act-2018/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.