Gujarat Plastic Units Hit by Raw Material Shortage as Crude Prices Rise

The recent surge in global crude oil prices has directly impacted the cost of naphtha and other petrochemical feedstocks used by plastic manufacturers. In Gujarat, which hosts a significant cluster of plastic processing units, manufacturers report difficulty in securing adequate raw material supplies at previous cost levels. Industry analysts warn that if the price trend continues, it could lead to reduced output and higher prices for finished plastic products across the state.