Plea to curb monopoly of petrochemical companies

Special Correspondent

CHENNAI: The Tamil Nadu Plastics Manufactures’ Association has urged the Centre to appoint a regulatory authority “to control monopolistic trade practices” of petrochemical companies Reliance, Haldia and GAIL.

In a statement issued here on Sunday, association secretary Karthikeyan Swami alleged that the three manufacturers were indulging in monopolistic practices such as cancellation of sale and delivery order, changing prices without notice and pricing different grades of the polymer without any relationship to production cost. Their pricing policies were also not uniform, he said.

Demanding the immediate formation of a tripartite monitoring committee to facilitate a transparent policy on pricing, manufacturing and distribution of petrochemical products, he said the committee should have members from the associations of the manufacturing and processing industries, government agencies and basic petro-product manufacturers.

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