The price of cement in some parts of Lusaka has been hiked by K15, 000 resulting in the commodity fetching K70,000 from K55,000.
A snap survey conducted by ZANIS in Chawama, Kalingalinga and Mtendere compounds in Lusaka today revealed that the price of cement has been adjusted.
One cement dealer talked to by ZANIS, John Lungu, said the hiking of the commodity is due to transportation costs.
Mr Lungu said he also decided to increase the commodity so he can realise a minimal profit.
Another dealer, Chamanyanzi Zyambo said due to increased transportation costs, he had no option but to increase the price of cement.
However, sources at Lafarge PLC Limited, formerly Chilanga Cement PLC, denied increasing the commodity and accused cement dealers of increasing price illegally.
The sources maintained that the price of cement is K45,000 per 50kg bag.
The source said the company will appeal to the Zambia Competition Commission (ZCC) to conduct a thorough investigation on the increase of the price for cement by traders.