Price changes possible due to removal of price control: CAABY Imsha IqbalFollowing the lifting of the maximum retail price (MRP) on cement, the price of a cement bag has been increased to Rs. Consumers have complained on several social media platforms that although news reports stated the price of a cement bag has been increased to Rs. Moreover, issuing a press release on Monday (7), Tokyo Cement Lanka PLC, the manufacturer of Tokyo Cement as well as Nippon Cement, said that 50 kg cement bags of both Tokyo Cement and Nippon Cement are to be subjected to a MRP of Rs. He assumed that consequently, this factor may have affected the cement availability in Sri Lanka. He also noted that such a disruption in the future would possibly affect the price of cement further.

Source: The Nation November 09, 2021 19:03 UTC