Reliance Industries Announces PET Price Hike & OPAL Incentive Scheme

Reliance Industries Limited has announced a price increase for all PET grades by ₹1,500 per metric ton (MT), effective from 17th December 2024. OPAL Incentive Scheme for December 2024 OPAL has introduced an AMSP-linked incentive scheme for PE (Polyethylene) and PP (Polypropylene) order bookings during December 2024. The incentive details are as follows: Polypropylene (PP) ≥ 90% AMSP Booking: Discount as a1 (₹/MT) ≥ 100% AMSP Booking: Discount as a2 (₹/MT) Polyethylene (PE) High-Density Polyethylene (HDPE) ≥ 90% AMSP Booking: Discount as ẞ1 (₹/MT) ≥ 100% AMSP Booking: Discount as ẞ2 (₹/MT) ≥ 110% AMSP Booking: Discount as ẞ3 (₹/MT) Linear Low-Density Polyethylene (LLDPE) ≥ 90% AMSP Booking: Discount as y1 (₹/MT) ≥ 100% AMSP Booking: Discount as y2 (₹/MT) ≥ 110% AMSP Booking: Discount as y3 (₹/MT)