Oman’s Ministry of Commerce and Industry regulates price of cement
Oman's Ministry of Commerce & Industry claims to have regulated cement prices.
Oman's Ministry of Commerce & Industry claims that measures recently implemented by the ministry’s consumer production department to regulate the export of local cement have succeeded in curbing the hike in cement prices. Follow-up reports received by the ministry indicated that cement prices in the sultanate are now up to 40% less compared with region-wide prices.
A source at the ministry said that variations in cement prices around the region were due to the different costs of transporting cement from factories in different countries. The variation in geographical proximity between the two cement producing factories in Oman mean that haulage costs vary accordingly. However, the official stated that smaller differences in prices were reasonable and to be expected.
Cement prices in the region of Haima are at a high of RO1.600 per 50 kg bag, while in the areas of Bahla and Sur the price stands at RO.1.400. Furthermore, in Nizwa the price of 50 kg is RO1.350 but the price is as low as RO1.250 in Ibri.
Oman effectively banned the export of cement in early June, which meant considerable short-term price rises for importer countries.
Meanwhile, reinforcing iron bars prices range from RO190 to RO200 per tonne, depending on the measurements of the iron bar and the distance to the point of delivery from the distribution centre.