RIL revises PET and PVC prices, will affect downstream converters, technical textiles

Reliance Industries (RIL) has carried out a price revision for its polymer portfolio as of May 11, 2026, increasing Polyethylene Terephthalate (PET) and Polyvinyl Chloride (PVC) rates by up to Rs 4,000 per metric ton. This move reflects the persistent upward pressure on naphtha and ethylene feedstocks, worsened by maritime logistics surcharges in West Asia.

The price hike takes place as the Indian textile sector moves toward the National Fiber Scheme, which incentivizes self-reliance in man-made fibers (MMF) to reduce its 15 per cent import dependency on high-tenacity yarns. Market analysts point out, RIL is using its integrated manufacturing model to insulate margins from the 9 per cent global price decline affecting standalone spinners. While downstream converters in technical textiles face immediate cost increase, government's recent Rs 5,659 crore allocation for cotton productivity pushes pushing manufacturers toward polyester-blended fabrics to maintain retail price stability.

Experts note, supply chain reliability now dictates market share more than raw cost, as lead times for imported fibers stretch beyond 45 days. RIL’s pricing strategy serves as a barometer for the broader MMF sector, which anticipates a 3.6 per cent growth in export volumes this fiscal year.

Reliance Industries is a global leader in the integrated energy and materials value chain, dominating India’s polyester and polymer production. The company serves massive apparel and industrial markets, focusing on sustainable chemical recycling and carbon-fiber expansion. Its financial outlook remains robust with consistent EBITDA growth driven by operational scale and domestic demand.