IOCL has lowered its pet coke prices in response to Reliance (RIL) price reduction. Prices at Koyali refinery have been reduced by INR 1,400/t to INR 18,950/t whereas prices at Panipat and Haldia stayed unchanged. The rake price at Koyali is INR 200/t lower than the price for road delivery. Prices at Paradip remained unchanged for the last two months as the refinery is to go for shutdown.
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