The retail price of cement has increased by up to Rs30 per bag in Pakistan, with prices now ranging between Rs1,220-1,280 per bag, depending on the area.
According to JS Global, cement players in the Northern region have increased prices by up to Rs20-30 per bag to reinstate earlier price levels.
The price hike comes as cement dispatches in Pakistan dipped 0.29 percent year-on-year (YoY) in April to reach 2.943 million tons (MTs), compared to 2.951 MTs in the same period last fiscal year, data revealed by the All Pakistan Cement Manufacturers Association (APCMA).
Local cement dispatches in April 2024 were 2.328 MTs, down from 2.531 MTs in April 2023, marking a decline of 7.99 percent. However, export dispatches rose by 45.96 percent as volumes increased from 420,857 tons in April 2023 to 614,264 tons in April 2024.
The price increase is likely to impact the construction industry, which is already facing challenges due to rising costs and demand slowdown. Consumers are advised to check prices from authorized dealers to avoid any overcharging.
