IndianOil and RIL Announce Special Incentive Schemes for November 2024

IndianOil Incentive Scheme IndianOil has introduced a tiered incentive structure for High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), and Polypropylene (PP) grades for both Prime and Non-Prime segments.   HDPE and LLDPE (Prime/Non-Prime) Incentives Customers lifting at least 75%, 100%, or 120% of their Allocated Purchase Plan (APP) are eligible for X1, X2, and X3 incentives for HDPE, and **Y1, Y2, and Y3** for LLDPE.   Specific incentives will vary by grade.   PP Incentives for PP & Flexi APP Customers Post-sales incentives are categorized as follows based on actual upliftment:   75%–90%** of APP: Incentive P1  90%–100% of APP: Incentive P2   100% and above**: Incentive P3  Additional discounts:   ₹1,000/MT for ICP grades   ₹1,500/MT for RCP grades   PP utility upliftment above 0% also qualifies for **P3**.   This scheme applies to sales from all IOC supply points but excludes contracted BOPP and export sales. Deemed export will count toward eligibility but will not attract discounts. No upper cap on the quantity has been set.   Reliance Industries Incentive Scheme RIL has announced scheme discounts for domestic PP purchases in November 2024:   X Amount: ₹2,000/MT   Y Amount: ₹2,750/MT   Z Amount: ₹3,500/MT   For more detailed information on these price adjustments, it is recommended to refer to the respective companies' official price circulars. Disclaimer: PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.