Indian Oil Corporation Limited (IOCL) has increased prices of raw petroleum coke (RPC) by up to INR 1,800/t with effect from 15 May, 2024.
The price has sharply increased this month by INR 1,790/t to 1,800/t at all refineries. Quality of Barauni has deteriorated due to high silica and increased sulphur. This happened due to increased processing of imported high sulphur crude.
There is a quality differential of INR 500/t for each grade. The price of base Grade B is the lowest, and Price of Grade A is higher by INR 500/t. Price of Premium Grade is further higher by INR 500/t as compared to Grade A.
Barauni RPC with high Ash content is priced separately at INR 20,472/t which is increased by INR 1,432/t from INR 19,040/t of the last revision. Notably, this high ash RPC price is linked to the current Grade ‘A’ RPC price at Barauni with a discount factor of 20%.
Notably, Koyali is considered as inferior quality and earlier it used to be lower than Barauni. But there is no regular sale/production of RPC at Koyali and is available in few months. Sulphur in RPC at Bongaigaon has gradually increased due to use of imported crude and has increased up to 1.1/1.2%, which used to be less than 1%, i.e around 0.8% sulphur in Barauni has also increased to even more than 2% which used to be 1.5%/1.8%.
IOCL raises pet coke prices for May’24
IOCl has revised pet coke prices at Koyali for road supplies to INR 11,630/t against the last price of INR 11,530/t. Thus, the price has increased by INR 100/t. Price for rake loading has also increased by INR 100/t to INR 11,430/t over the last price of INR 11,330/t.
Pet coke prices at Panipat, for general states, has been revised to INR 12,740/t from INR 12,640/t, indicating an increase of INR 100/t. Prices for Punjab, Haryana, J&K, Chandigarh are maintained same as general states.
Pet coke prices ex Haldia for road supply, is revised to INR 10,950/t from INR 10,850/t, indicating an increase by INR 100/t. The price for rake supply has also increased by INR 100/t to INR 10,750/t from INR 10,650/t.