Following a six-hour meeting, the Dominican Republic government and cement producers agreed to establish the consumer price per bag at RD$125. This, price “reduction” comes about after a ‘price war’ among producers, by which the cement bag rose from RD$85 to RD$150 this past week. It was now decided to temporarily lower the price per bag to RD$125.
Amelia Reyes, from the Association of Cement Producers, disclosed that the entity agreed with the government to lower from RD$130 to RD$105 per bag at the factory with the Processed Goods and Services ITBIS tax included.
Harware Association president Luis de los Santos said that, with this reduction, the cement bag will reach consumers at RD$125 in Santo Domingo and Santiago, but that prices could be higher in the more distant towns due to transportation costs. Deputy minister Frank Reyes explained that the government will continue to insist on a further price reduction.