With the decrease in input costs, the annual wholesale price of cement has dropped by 8 percent to Rs. 340. Consequently, the demand for cement has increased significantly. In the last two years, cement prices have fallen considerably annually. In the fiscal year 2023, the wholesale price of cement was Rs. 375… In the fiscal year 2024, it dropped to Rs. 365. The main reason for this is the reduction in input costs.
In May 2024, cement prices decreased by 45 percent. Similarly, petrol prices also decreased by 10 percent. Diesel prices also decreased by 2 percent to Rs. 88 per liter. Additionally, in the first two months of the fiscal year 2025, cement prices decreased by 50 percent, petrol by 16 percent, and diesel by 2 percent. They attribute the decrease in prices and the increase in demand for cement to the reduction in input costs.
In March, during the annual revision, an increase of 11 percent in demand was recorded. In March 2024, cement demand reached 41.7 million metric tons. Overall, in the fiscal year 2024, cement demand increased by 9 percent to 426 metric tons. It is anticipated that in the fiscal year 2025, demand will continue to increase, with demand ranging from 8 to 9 percent, reaching 460-465 metric tons of cement.
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