NewsWhore
08-19-2008, 02:50 PM
In one week the price of cement increased by 17%, or RD$45. Last week the price for a bag was RD$230 and it is now selling for RD$275. The price surge is somewhat baffling considering that international petroleum prices have declined by US$30 in the last month. For weeks producers have blamed increases on the rise on the higher cost of fuel. Listin Diario reports that former Industry and Commerce Minister Melanio Paredes had scheduled a meeting with local cement producers to seek a way not to increase prices, but the meeting never took place and producers decided to unilaterally raise prices anyway. Melanio Paredes on 16 August was appointed minister of Education, and thus talks with the new minister are yet to start.
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More... (http://www.dr1.com/index.html#8)