Indian Crude Basket Prices Down Nearly 13% In April, Compared To March Average
NDTV
Indian crude oil basket price was $98.68 per barrel on April 08, 2022 - a 4% decline since April 1 and a near 13% fall compared to March's average.
Indian crude oil basket price was $98.68 per barrel on April 08, 2022, at an exchange rate of 75.78 per dollar, according to the Petroleum Ministry's Petroleum Planning and Analysis Cell's latest report, which suggests a 4 per cent decline since April 1 and a near 13 per cent fall compared to March's average.
That comes as a relief for a country that imports about 85 per cent of its oil needs.
The latest report released on Monday showed the Indian crude basket prices had softened to $98.68 per barrel at an exchange rate of 75.78 against the dollar as of April 8.
A year ago, the average cost was about $63 per dollar.
