The recent drop in cement prices proves that prices are decided by a mafia of cement importers, Chairman of the National Construction Association Susantha Liyanaarachchi charged.
âIf there is a dollar crisis in this country, stop importing cement. Cement is sold at a higher price by the importers, when the price of a bag of cement can be reduced further by Rs. 1000â he said. He urged the government strengthen local cement manufacturers by setting price controls.
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Most of these companies are making huge profits by pricing cement at a very high price.