Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern retail market, where different brands’ prices were hiked by Rs20 on average. However, the rates in the southern region remained stable at an average of Rs630 per bag.
According to the All Pakistan Cement Manufacturers Association, cement prices have started increasing by Rs15-20 per 50kg bag across different cities in the northern region with the new price range standing between Rs580-600 per bag.
In the retail market of Lahore, they said, different brands were selling their cement bags at increased rates as compared to previous rates of Rs560 to Rs580.
Presently, there are three popular brands in the Lahore market, including DG Cement, Bestway Cement and Maple Leaf Cement, dealers said, adding that these companies were selling their cement at Rs580-Rs600 per 50kg bag owing to their demand and popularity.
(Source: Profit Pakistan Today)