No change for Senegal maximum cement prices

No change for Senegal maximum cement prices
18 March 2019

The maximum cement price in Senegal will remain at previous year’s level, according to the country’s Ministry of Commerce.

"Pursuant to the provisions of Article 43 of Law No. 94-63 of 22 August 1994 on price, competition and economic litigation, ceiling prices for ex-factory cement are set at prices previously applied as of 1 January 2018", indicated a decree sent to the Agence de Press Sénégalaise.

The announcement follows a recent price increase by Sococim, which had lifted its price by XOF3500/t of cement.

However, the ministry said that any price increase above the legal maximum is illegal.  "The infringements of the provisions of this order are punishable by the Law number 94-63 of August 22, 1994 on prices, competition and economic litigation," it added.

Published under Cement News

Tagged Under: Senegal Sococim price