March 24, LNW (Colombo): The price of a bag of cement has increased sharply as the ongoing economic crisis continues to impact the construction sector, according to building material sellers.
Market sources say the price has risen by around Rs. 175, bringing the current retail cost of a single bag to approximately Rs. 2,250.
Industry insiders also report that the prices of other key construction materials, including sand and stone, have already increased, adding further pressure on builders and homeowners.