Domestic refiner Reliance Industries (RIL) has raised pet coke prices by INR 3,450/t m-o-m to INR 17,972/t for Mar’22. The sharp rise in prices comes amid higher import prices and a surge in global thermal coal prices triggered by the Russia-Ukraine war. Other major refineries are also set to raise prices this month as RIL is taken as the benchmark due to its higher market share.
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