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India's Reliance Industries KG-D6's facility located in the Indian state of Andhra Pradesh is pictured in this undated handout photo. India's Reliance Industries Ltd resumed crude oil production from its east coast MA-1 field on March 8 following an emergency shutdown in December, Upstream Regulator V.K. Sibal said on March 12, 2009. REUTERS/Reliance Industries/Handout (INDIA ENERGY BUSINESS IMAGE OF THE DAY TOP PICTURE) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

RIL's Output Woes

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Buy, Sell or Hold?

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Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Phillips Carbon to hike carbon black prices

Stocks

   

NEW DELHI | Fri May 9, 2008 3:03pm IST

NEW DELHI May 9 (Reuters) - Phillips Carbon Black (PHIL.BO) is looking at hiking carbon-black prices by 15 percent, its chairman said.

Carbon black, made from crude oil and used to make tyres, has become more expensive after crude prices rose.

Crude oil CLc1 has raced past a record-high of $124 a barrel.

"The dialogue is already on with our main consumers, which is the tyre industry," Chairman Sanjiv Goenka told Reuters on Friday. (Reporting by Rakesh Sharma; Editing by Ramya Venugopal)

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