Latest Chennai Petroleum Corporation Limited (CPCL) News & Updates

Thoothukudi, March 10 (IANS) The safety match industry in southern Tamil Nadu is facing fresh challenges as the price of paraffin wax – a key raw material used in the manufacturing of safety matches – has risen sharply over the past two weeks. The price of paraffin wax has increased from around Rs 80 per kilogram to nearly Rs 130 per kilogram, primarily due to delays in imports from Iran, which is one of the major suppliers of the material to Indian manufacturers.Paraffin wax is a petroleum-deri…