A PC game that was previously priced at Rs. 1,299 is now priced at Rs. 2,400 on Steam.
Steam’s new regional pricing is set to raise the cost of PC games in India. Valve has revised its regional pricing tool, introducing new, higher prices for all currencies supported outside of the United States. In India, expenses are predicted to rise by 85 percent in order to keep up with the continually rising inflation that is currently hurting the game distribution sector. For example, a PC game that formerly cost Rs. 1,299 would now cost Rs. 2,400 on Steam. To be clear, the price rise does not represent the real cost of the game on Steam. Rather, they are suggestions for developers, who have complete price control.
“We believe it’s a useful guidance,” Valve said in a statement. “However, with buying power and foreign currency rates continuously changing, we have to make major adjustments to those conversion suggestions to keep current.” blog post. “The new suggestions are already available, but as usual, developers on Steam have complete control over their price.” The new Steam pricing tool is now available, along with an instructional film that instructs creators on how to establish acceptable rates for their titles.
Valve clearly states that there is no “requirement or expectation” to adjust pricing based on area, although its suggestions might always be reviewed. However, the upgrade makes it relatively simple for PC developers to accept a rapid conversion — through the toolkit — for new currencies and slap it onto their titles, which, as previously indicated, are higher.
In Argentina, for example, costs have increased 485 percent, increasing an ARS 649.99 (about Rs. 346) game to ARS 3,800. (about Rs. 2,020). The Steam price in Argentina acted as a hotspot for budget-conscious players who would set their region and banking data to Argentina in order to buy games at a considerable discount. In the UK, however, the price rise is merely 8%, raising a £46.49 (about Rs. 4,387) game to £49.99. (about Rs. 4,717).
Valve hasn’t updated regional price proposals in a while, but in a recent developer-focused newsletter, documentation, The business added that it would update the ideas on a regular basis in order to prevent consumers from just switching locations to get a better rate.
“All of these considerations have pushed us to commit to updating our pricing proposals on a much more frequent frequency so that we can stay up with economic developments over time,” it says. This new, upgraded Steam pricing toolbox would be the first of such steps, albeit it’s not an easy one. Price increases trigger a 28-day cooling period for all areas, “even if you are just raising the price in a single currency.”
These suggestions will be implemented in Valve’s own games, such as the Half-Life and Counter-Strike series.
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