IPNEWS: The government of Liberia and the Management of Cemenco, have reached joint agreement to drop the price of cement in the Liberian market.
Cemenco, one of Liberia’s largest manufacturers of cement products in Liberia.
Minutes after the agreement, CEMENCO public relations officer told newsmen that the decision was based on a decision by it’s shareholders to drop the price of the commodity on the Liberian market.
The move, the company says, is in keeping with a recent Government of Liberia action to carry out similar adjustment in the prices of petroleum products in the country.
The Ministry of Commerce last week announced a new price structure for gasoline and diesel fuel, as prices fall on the international market. At the time, Commerce Minister Mawine Diggs warned marketers that its inspectors would carry out rigorous inspections in order to enforce compliance.
Cemenco’s decision to effect a price change is expected to come into force on today Tuesday, September 13, 2022. The new prices are as follow:
CEM II / B-M 32.5 R USD $ 7.50
•CEM II / B-M 42.5R USD $ 8.10
•CEM I 52.5R USD $ 9.50
The government has been working in recent months with various importers and distributors of essential commodities on the Liberian market in an effort to keep prices stable and affordable for ordinary consumers.
Cemenco’s management has said it is committed to the government’s pro-poor agenda, in fulfillment of the “true partnership” it has with Liberia. The company says a second phase of price reduction might take place on October 1, 2022.
