Business   

Plea to withdraw wax price hike

Staff Reporter

KOCHI: The Kerala Candle Manufacturers' Association has demanded that the recent hike in the price of paraffin wax be rolled back considering the nearly 25 per cent fall in petroleum in the international market. An association statement said the hike would affect the livelihood of about two lakh people who depended on the candle-making industry.

Chennai Petroleum Corporation, part of the Indian Oil Corporation, hiked Rs.4,500 for a tonne of paraffin wax, said the press release. At the same time, candle-makers were unable to realise proportionate price for their products.

The release also said that the hike in paraffin wax price was unjustified. The association urged the chairman of Chennai Petroleum to withdraw the price hike.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

RIL draws up mega plans for TN
Nicholas arm plans more `path' labs
Usha Martin set to take over bright bar plant in U.K.
Insurance firms' challenges in tariff-free regime
Salem Steel's expansion
`Continuous efforts needed to ensure transparency'
FMG to promote health tourism
Plea to withdraw wax price hike
IBS announces its centre in Japan
Call for industrial initiatives to generate employment

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu