Cement price in Sri Lanka raised by Rs 100

Cement companies have announced that the price of a 50-kilogram bag of cement in Sri Lanka has been increased by 100 rupees.

The price revision applies to both domestically produced and imported cement, the companies said. As cement is one of the construction sector's basic materials, the increase is expected to have an impact across the entire sector.

Since the increase will raise construction costs further, people building homes and small and medium businesses engaged in construction are expected to be directly affected.

Families planning to build houses and firms taking on new construction projects will face an additional financial burden because of the cement price rise, industry sources point out.

The new price revision has been announced against a background of existing concerns about rising construction material prices in the country. Neither the government nor the companies have given further explanations about it.

Consumers and industry figures are watching the new price increase closely, as changes in cement prices directly affect the total cost of home design and construction projects.