New Delhi, May 18 -- Micro, small and medium enterprises (MSMEs), reeling under the double whammy of soaring input costs and exports slowdown, want Competition Commission of India (CCI) to ensure key raw material suppliers do not misuse their monopoly position to keep prices high under the pretext of West Asia conflict.

"The MSME sector is very upset about the surge in petroleum products. The monopoly suppliers often raise prices of raw materials by three times and then cut it to create an impression that prices have been reduced. The government and the CCI should look into this," said Neeraj Kedia, Chairman of Muzafarnagar-based Chakradhar Chemicals.

He said that apart from the prices of petroleum products, prices of various non-ferrou...