Cement bag price raised by Rs 100

Cement manufacturing companies have announced that the price of a 50-kilogram bag of cement in Sri Lanka has been increased by 100 rupees, in a statement issued on Sunday, November 8.

The new price revision will apply equally to cement produced domestically and to imported cement, the companies said.

Construction costs are expected to rise further as a result of the price increase. Individuals building their own homes and business firms engaged in construction projects in particular will be affected by the revision, it has been warned.

The new price adjustment has been introduced at a time when concerns persist over the continuously rising prices of construction materials across the country.