#Headlines

Jah Oil makes clarification on price of cement

May 24, 2024, 11:24 AM | Article By: Abdoulie Nyockeh

 The Chief Executive Officer of Jah Oil multi-industrial company, Hamidou Jah, and the General Manager, Momodou Hydara, have said their price of cement per bag at the factory remains the same at D355 wholesale.

Mr Hydara further said the retail prices of their cement at the selling stations range from D375 or D380 in Greater Banjul to D390 in the provinces due to transportation cost.

The Jah Oil management was prompted to make the above clarification in reaction to yesterday’s publication of The Point newspaper, quoting the spokesperson of the Cement Importers Association that since 15 May this year, price of cement had been increased to D575 due to the increment of VAT from D30 per kg to D180 per kg.

Mr Hydara went further to say that there are trucks standing at the Farafenni border due to their refusal to pay the new tariff charges, adding that the Government has the power to decide what tariff is to be paid.