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Cement companies increased the price of a 50-kg cement bag by Rs. 100 from Rs. 1,275 to Rs. 1,375.
This is the second revision in three months with the first one implemented in October whereby the price a 50-kg cement bag rose by Rs. 177 from Rs. 1,098 to Rs. 1,275.
The hikes are following the Government removing cement from the Maximum Retail Price (MRP) regime following a request from the industry on account of sharp rise in clinker prices, freight rates and other issues.