INSEE Cement announces price increase
In view of the increasing cost of raw material and other production expenditure, INSEE Cement announces that the company had to increase its MRP (Maximum Retail Price) by Rs. 30 per bag. The retail price of a bag of cement will be Rs. 960/- with immediate effect. (The price of a ton of cement will be increased by Rs.600/-)
These price increases have been approved by Consumer Affairs Authority (CAA) with effect from 23rd Feb 2018 and will be adopted across INSEE Cement’s product portfolio. The local cement manufacturers and importers of cement had lodged applications for price increases due to increasing costs which the industry had absorbed over the past 5 years.
Jan Kunigk, Executive Vice President / Commercial Director of INSEE Cement explained, “The crude oil prices had doubled ...