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IOCL Launches Special Incentive Scheme for April 2025; RIL and Chiripal Hike PET Prices

IOCL Launches Special Incentive Scheme for April 2025; RIL and Chiripal Hike PET Prices

Polymer April 25, 2025

Indian Oil Corporation Ltd (IOCL) has announced a special incentive scheme across various PE grades for April 2025. The scheme offers slab-wise incentives based on APP (Average Past Purchase) lifting percentages for HDPE, LLDPE, and Utility grades.

Details of IOCL Incentive Scheme (April 2025):
🔹 HDPE (P/NP)

  • APP lifting ≥75%: Incentive of ₹X1/MT

  • APP lifting ≥100%: Incentive of ₹X2/MT

🔹 LLDPE (P/NP)

  • APP lifting ≥75%: Incentive of ₹Y1/MT

  • APP lifting ≥100%: Incentive of ₹Y2/MT

🔹 Utility Grades

  • APP lifting ≥75%: Incentive of ₹Z1/MT

  • APP lifting ≥100%: Incentive of ₹Z2/MT

📌 Note: Incentives may vary based on specific grades.

In a separate development, Reliance Industries Ltd (RIL) and Chiripal Group have increased prices of all PET grades by ₹1.5/kg, effective 25 April 2025.

🔸 Disclaimer: This update is based on market information available to PolyMart at the time of publication. Prices and schemes are subject to change at the discretion of the respective companies.