IOC Announces December 2024 Special Incentive Scheme for Polyethylene and Polypropylene

Indian Oil Corporation (IOC) has introduced a special incentive scheme for December 2024, targeting PE and PP buyers through post-sales performance-based rewards. The scheme is applicable across all supply points, including PPMC, PDMC, RSC, and DOPW.

Key Incentives in PE (HDPE & LLDPE)

HDPE (Prime/Non-Prime):

• >=75% APP Lifting: Incentive X1 (Rs./MT)
• >=100% APP Lifting: Incentive X2 (Rs./MT)
• >=120% APP Lifting: Incentive X3 (Rs./MT)

LLDPE (Prime/Non-Prime):

• >=75% APP Lifting: Incentive Y1 (Rs./MT)
• >=100% APP Lifting: Incentive Y2 (Rs./MT)
• >=120% APP Lifting: Incentive Y3 (Rs./MT)

Note: Grade-wise incentives may vary.

PP & Flexi APP Upliftment Incentives

• >=75% and <90% Upliftment: P1 (Rs./MT)
• >=90% and <100% Upliftment: P2 (Rs./MT)
• >=100% Upliftment: P3 (Rs./MT)

Additional Discounts:

• Rs. 1000/MT on ICP upliftment
• Rs. 1500/MT on RCP upliftment

PP Utility Upliftment:

• >0% Upliftment: P3 Incentive

Important Terms:

• Incentive values (P1, P2 & P3) will be declared by month-end.
• Contracted BOPP and export sales are excluded.
• Deemed exports qualify for eligibility but will not receive direct discounts.
• No upper cap on quantity upliftment.
• Strict adherence to eligibility; no condonation allowed.