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.