With a reduction in input costs especially petroleum and coal prices, the cement industry has started passing on the relief to the consumers by cutting prices in the range of Rs5 to Rs23.
Bestway Cement has reduced the price from Rs502 to Rs492 per bag, Dewan Cement has cut the rate from Rs510 to Rs490, Cherat Cement has brought the rate down from Rs500 to Rs495 and Lucky Cement has cut the price from Rs520 to Rs497.
According to market players, the new prices have been printed on cement bags of these companies while others who have huge stocks in the market have started giving discounts on their products.
In Khyber-Pakhtunkhwa too, the retail and wholesale prices of cement have come down from Rs485 to Rs472 per bag. In Rawalpindi, cement is being sold at Rs480 to Rs485 in the wholesale market.
According to industry players, the manufacturers must print the maximum retail price on cement bags, but it is creating problems in making a reduction immediately as stocks already supplied to the market have old prices printed on them.
However, the industry has appreciated the government for its efforts to reduce prices of different inputs especially the petroleum products which have a significant impact.
In line with the cement makers, if other industries make a similar reduction in prices, it will help the construction industry ease the burden of high material cost on the consumers.
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