*IOCL lower RPC prices by INR 80/t due to international market, subdued demand, and refinery inventory.
*Prices for Bongaigaon refinery stood higher by INR 1,150/t compared to Digboi refinery.
Indian Oil Corporation Limited (IOCL) has slashed the prices of RPC (raw petroleum coke) by INR 80/tonnes (t), effective from 16 February, 2024. This marks the second revision in the month, with the previous adjustment occurring on 7 February, 2024, influenced by international market prices, subdued demand, and inventory levels at various refineries.
Interestingly, RPC prices at Koyali remained INR 80/t higher than at Barauni, in line with the 7 February revision. Koyali material is considered lower quality and was previously ranked lower than Barauni. However, there has been no regular sale or production of RPC for several months, and some stock has been held for an extended period. Sulphur content in RPC at Bongaigaon has gradually increased due to the use of imported crude, rising by up to 1.1 to 1.2%.
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:
IOCL slashes fuel grade pet coke prices by up to INR 710/t for Feb’24
Indian Oil Corporation Limited (IOCL) has decreased fuel grade pet coke prices for Feb’24. Prices at Koyali refinery for road delivery fell to INR 11,670/t against last price of INR 12,380/t. Prices in Panipat refinery dropped to INR 12,780, Paradip to INR 10,820 and Haldia to INR 10,990/t. Rake prices have seen a decline of INR 660- 710/t at Koyali, Paradip, and Haldia.