Surging cement prices may hit post-flood works

  • | Thursday | 4th October, 2018

A surge in wholesale and retail prices of cement in the State is likely to impact the post-floods reconstruction works here. Mr. Hussain claimed the manufacturers had promised to reduce cement prices after functionaries of the association held discussions with them recently. In July-August, the retail prices hovered around ?380 in Kerala and there was a dip after the floods. A 50 kg cement bag now costs between ?405 and ?410 in the wholesale market and between ?425 and ?430 in the retail market. Functionaries of the association also alleged that the cement manufacturers were reluctant to set the billing process in accordance with the Goods and Services Tax (GST).

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