Cement prices to soar on recent hike in rail freight

Cement image 1 By Accommodation Times News Service

The increase in freight rates by the Union Rail Minister in the rail budget is likely to hamper the cement prices. The 5.79% hike in freight charges will increase cement prices by Rs 7 per bag of 50 kg according to analyst. The impact of freight charges will be Rs 13-15 crore per million tone of cement production. With the increase in cement price it will affect industry related to it.

According to the analyst , freight hike is always passed on to the consumer by the cement producers hence manufacturing cost goes up by million tone, the consumers have to dole out more money.

Similar Articles

Leave a Reply