Pet Coke: IndianOil raises prices across various refineries

Indian Oil Corporation Ltd. (IOC), the country’s second-largest petroleum coke producer, has increased prices from its various refineries for the month of November.

• IOC has revised pet coke price at Koyali refinery for road supplies to INR 9,600/t over its last month’s price of INR 9,010/t — an increase of INR 590/t.

• Price for rake loading has been also increased by INR 590/t to INR 9,400/t from INR 8,810/t in the last month.

• Pet coke price at Panipat refinery for general states has been revised to INR 10,210/t over its last month’s price of INR 9,630/t — an increase of INR 580/t.

• Pet coke price for Punjab, Haryana, Jammu and Kashmir and Chandigarh has been revised to INR 10,410/t from INR 9,830/t — an increase of INR 580/t over last month’s price.

• Pet coke price at Paradip refinery for road supplies has been revised to INR 9,100/t over its last month’s price of INR 8,920/t — an increase of INR 180/t.

• Price for rake supply has been revised to INR 8,800/t from INR 8,620/t — an increase of INR 180/t over last month’s price.

• Pet coke price ex-Haldia refinery for road supplies has been revised to INR 9,270/t over its last month’s price of INR 9,090/t — an increase of INR 180/t.

• The price applicable for rake supplies has been also increased by INR 180/t to INR 8,970/t from INR 8,790/t in the last month.

Price Commentaries

Reliance Industries Ltd. (RIL), India’s largest pet coke producer, has increased its price by INR 255/t ex-Jamnagar refinery in Gujarat in the current month.

RIL’s current price increase follows four consecutive hikes of INR 702/t, INR 626/t, INR 1,050/t and INR 518/t in the previous months of October, September, August and July respectively. Earlier in May this year, however, RIL had substantially decreased its price by INR 1,223/t followed by a moderate reduction of INR 195/t in June.

The pricing trend was followed by the country’s third largest producer, Nayara Energy (erstwhile Essar Oil), as well as IndianOil which has increased prices at its Koyali, Panipat, Paradip and Haldia refineries by varying amounts within the range of INR 180-590/t.

At Panipat, the price difference of INR 200/t has been maintained for northern states as compared to the rest of India. While the price for rake supplies is lower than road supplies at Koyali by INR 200/t, it is lower by INR 300/t at Paradip and Haldia refineries.