The price of cigarettes increased dramatically decades ago, to a much higher price point than soft drinks ever will. That definitely stopped/helped some people from smoking, but many others continued, and many more have taken it up since.
If the government were serious, advertising these drinks would be banned as a 1st step. The 2nd step would be banning the drinks themselves, which would have to flow onto other items that fit in the same category.
The government is, as per usual, completely full of sh*t though.