🇱🇾LibyaNorth Africa
Libya's cement prices surge as summer power cuts prioritize domestic over commercial consumption
via Libya Herald5 min read
The price of locally produced cement in Libya has increased by 11.5% since mid-June, reaching an average of 81.5 dinars per 100 kilograms. This surge is attributed to the government's load shedding policy, which prioritizes domestic electricity supply over industrial needs. As a direct result, the Mirgib, Soug al-Khamis, and Leptis cement factories have completely shut down. The average cash price for 100 kg of Al-Ittihad factory cement rose by 8.5 dinars from 73 dinars in mid-June to 81.5 dinars. Cement prices also vary based on manufacturing factory, delivery location, and payment method, with debit card payments being slightly higher due to ongoing cash shortages in Libya. Despite several local factories, Libya continues to import significant quantities of cement from countries like Tunisia and Algeria.
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This summary was AI-generated from a story originally published by Libya Herald.
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