Cement prices to increase in Northeast by Rs 20 to 25 per bag

GUWAHATI: After two sharp cuts, prices of Cement manufactured in Northeast India are likely to increase by Rs 20 to 25 per bag.

The increase in the price is attributed to lack of continuous coal supply, increase in the prices of Gypsum besides increase in the cost of diesel.

The government of India has waived-off the off-season discount of 10 percent on railway fare and even service tax of 3.69 percent has been imposed from October 1, 2012.

Sources added that there is every possibility for a hike in cement prices of Rs 20-25 per bag in near future.