Raipur: Citing rising production costs and higher prices in other states, the cement companies of the state have again increased the prices. The price of cement has increased by Rs 30 per bag in a week. The price of cement in retail is Rs 320 to 330 and in wholesale it is Rs 280 to 300 per bag. It is being said that in order to increase the price, companies have stopped dispatch in some areas, so as to create undeclared shortage. Businessmen are also disappointed about this. He says that increasing the prices even when there is no work is beyond comprehension.
Rebar became costlier by Rs 2 thousand per ton
Rebar also became costlier by Rs 2 thousand per ton. The price of rebar in factories reached Rs 52 thousand per tonne and in retail it reached Rs 54 thousand 500 per tonne.
Tried three times
This year, cement companies have tried to increase prices thrice and this is the fourth time. Traders say that companies are increasing prices without demand in the market. The upcoming Municipal Corporation elections are also being considered the reason for the sudden increase in cement prices.