Cement prices down Rs 10-15 per bag, further cut likely

The price of cement in Mumbai, however, has been slashed by Rs 7-8 per bag with effect from today, an official of the Mumbai-based Cement Stockists and Dealers' Association said.

The official said that with the price cut, the average price of cement currently stands at over Rs 260 per bag in the country and hardly any chances are there for the price to move up next month as demand would further wane during monsoon.

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