Aurangabad Cement Distributors Association - Latest News Update, Information, Photos & Videos on Aurangabad Cement Distributors Association at Lokmat Times

Aurangabad, Feb 3:For the third time since unlock, the cement companies have hiked cement prices by Rs 20-30 per bag. This has come as a set back for the middle class who were waiting for affordable homes. There is a demand that the government must control the rising price of cement.Home is one of the basic necessities. Taking this into consideration, the central government has planned to provide a home to all by 2022. For this, the prices of cement and steel need to be kept under control. Despite the government giving concession for buying a house, the cost of construction materials is causing the price to go up. The price hike was announced in a meeting of the cement producers association held last month. Accordingly, cement is being sold at Rs 380 to Rs 395 per sack. Cement is subject to 28 per cent GST. If GST is reduced by 10 per cent to 18 per cent, GST of Rs 71 will be levied. Cement prices will fall by 10 per cent. Diesel prices have risen by Rs 16 per litre in the last 10 months. Therefore, the freight rate is being increased by Rs 15 per bag to Rs 75 to 80. This is also affecting the rise in cement prices. As a result, the budget of the builders who are building affordable houses has increased by 15 to 20 per cent informed Manoj Runwal, president, Aurangabad Cement Distributors Association.Month Cement pricesApril Rs 310May Rs 330June Rs 370July Rs 370August Rs 380September Rs 400October Rs 370November Rs 395December Rs 385January (2021) Rs 375February Rs 395

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Aurangabad :Rising cement prices affect affordable housing

Aurangabad, Feb 3: For the third time since unlock, the cement companies have hiked cement prices by Rs 20-30 ... ...