Cement companies have taken steps to increase prices, marking a fresh burden on the construction industry.

Local manufacturers announced that the price of cement has gone up by between Rs. 150 and Rs. 175. 

The hike comes amid broader cost escalations across the sector.

Chairman of the Sri Lanka National Construction Association, Darrington Paul, said prices of key building materials such as sand, stone, and iron have also risen sharply in recent weeks, adding further pressure on ongoing projects. (Newswire)

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The government has revised the import tax imposed on cement, with an increase in prices effective from June 17.

According to the Investment Promotion Ministry, the CESS levy imposed on 1kg of artificially coloured and uncoloured cement has been increased from Rs. 3.00 to Rs. 5.00.

The CESS tax on other Portland cement imported in packaging of 50kg and below has been increased from Rs. 5.00 to Rs. 8.00.

Meanwhile, the CESS tax on other Portland cement imported in the packaging of over 50kg or bulk has been increased from Rs. 3.00 to Rs. 5.00. (NewsWire)

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