Sri Lanka brings cement under government price control
Sri Lanka officials said Thursday that it would make cement an essential item, bringing it under government price control similar to cooking gas and milk powder.
Cabinet spokesperson and media minister Anura Yapa said Thursday the government had decided to include cement on the essential items list, given soaring retail prices.
A 50kg bag of cement currently sells at between 610 and 630 rupees (US$5.94 or US$119/tonne). All importers and manufacturers will now have to submit price hike requests to the Consumer Affairs Authority (CAA).
The CAA is responsible for controlling prices, with Liquefied Petroleum Gas, wheat flour, infant milk powder and boxes of matches, currently on the essential items list.