Indian Oil Corporation Limited (IOCL) has reduced prices of raw petroleum coke (RPC) by INR 2,500/t with effect from 7 February, 2024.
The price has decreased this month at all refineries by the same amount of INR 2,500/t except at Barauni where there was no change.
Notably, RPC prices at Koyali continued to be higher than Barauni’s by INR 1,880/t in line with the previous month. Koyali material is regarded as of lower quality, and it was previously ranked lower than Barauni. However, there has been no regular sale/production of RPC for several months, and some stock has been held for several months. Sulphur in RPC at Bongaigaon has gradually increased due to use of imported crude and has increased by up to 1.1 to 1.2%.
Prices in INR/t
There was a quality differential of INR 500/t for each grade. The price of base Grade B was the lowest, and price of Grade A was higher by INR 500/t. Price of premium grade was further higher by INR 500/t as compared to Grade A. List prices of different grades of RPC from various refineries of IOCL are given below:
Prices in INR/t
IOCL prices:
IOCL has decreased pet coke prices for January, 2024. Prices at Koyali refinery for road delivery fell to INR 12,380/t against the last price of INR 13,280/t. Prices in Panipat refinery dropped to INR 13,490, Paradip to INR 11,480 and Haldia to INR 11,650/t. The rake prices have seen a decline of INR 900/t at Koyali, Paradip, and Haldia each.