Indian refineries except RIL reduce pet coke prices for Nov'24 sales

RIL rolls over pet coke prices for Nov'24

Reliance Industries Ltd (RIL) has rolled over petcoke prices for November. Pet coke prices have been assessed at INR 11,637/t, Exw-Jamnagar. It may be noted here that RIL releases a limited quantity of pet coke in the market because the company utilises most of its production in its gasification unit.

Chennai Petroleum reduces pet coke prices by INR 500/t ($6/t)

Chennai Petroleum Corporation Limited (CPCL) has reduced its pet coke prices for road supply for November by INR 500/t to INR 12,040/t, Ex-Chennai. There is no rake loading facility by CPCL. The average dispatch of pet coke is 40,000-45,000 t/month. It may be noted here that CPCL majorly supplies to Tamil Nadu and Andhra Pradesh.

MRPL reduces pet coke prices by INR 180/t($2.1/t)

MRPL reduced its pet coke prices by INR 180/t for November shipments. Prices of road supply were set at INR 9,500/t ex-works Mangaluru, while rail supply prices were at INR 9,200/t ex-works Mangaluru. MRPL maintains a price difference of INR 300/t between road and rail supplies to cover customers' costs for moving materials from the refinery to the loading area. MRPL primarily serves major cement customers, mostly through rail transport.

BPCL cuts sales prices

• Bina refinery: INR 12,310/t (for rail supply) and INR 12,260/t (for road supply), down by INR 470/t.
  
  
• Kochi refinery: INR 9446/t (for rail supply), down by INR 663/t. There is no road supply for pet coke from Kochi. The material availability at Kochi is estimated at around 50,000 t for this month.