Cement rates spike in Vizag

Cement prices increased by about Rs 80 per bag during the last two weeks in Vizag. A cement bag now costs Rs 380 instead of Rs 300. “ The hike in cement prices is caused by an artificial scarcity that has been created by vested interests. This keeps happening at regular intervals and there is no action against anybody when the cement prices increase all of a sudden,” said a builder from Vizag.