Surprise Hike in Cement Prices
In another setback to the construction sector, which is reeling under the effect of the lockdown, cement manufactures hiked prices in the retail market by up to Rs 100 per bag. Hardware retailers dealing with cement in the city said leading brands have hiked the price of 53 grade cement bags, each weighing 50kg and containing have Portland Pozzolana cement (PPC), by Rs 60 a bag. Regular brands have increased prices by Rs 100. The rate of Ordinary Portland Cement (OPC) of regular brands jumped to Rs 60. The current price for premium brand PPC ranges from Rs 365 to Rs 395, while OPC is sold for Rs 375 to Rs 410 a bag. Dealers said the sudden hike, which came as a surprise, was notified on May 1.
Tags : ALLIED Cement construction lockdown price hike Hardware retailers Ordinary Portland Cement Portland Pozzolana cement