The Monopoly Control Authority (MCA) is probing into the cement
factories pricing mechanism to determine if any cartel is involved in
the price escalation of cement. It is suggested that the cement
factories are attributing cement price hikes to the high cost of gas
and coal. In the last few days, a bag of cement is
sold at Rs 275-290 (US$4.64-4.89), up around Rs 40-50. A
final decision on the probe would be taken after the appointment of the
new chairman, as the former chairman retired on December
28.