Indian Basket Crude Price

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Indian Basket Crude

Sep 2018
77.88
   5.35 Dollar per Barrel
 
 
 
Average Monthly Price;   Source: PPAC
Crude Oil Prices

Brent Crude

61.22
 
1.05
December 04, 2018

WTI Crude

53.21
 
0.23
December 04, 2018
 
 

OPEC Basket

58.79
 
1.29
December 06, 2018

Indian Basket

77.88
 
5.35
Sep 2018
Source: EIA, OPEC, PPAC

Chart of Indian Basket Crude Prices - Monthly/ Yearly

Source: Petroleum Planning & Analysis Cell

Indian Basket Crude Prices

Average monthly price of Indian Basket Crude for the month of September 2018 was 77.88 Dollar per Barrel. This represents an increase in the price of Indian Basket Crude by 5.35 Dollar per Barrel from last month's average price of US$72.53/barrel in August 2018.

In the one year period, the price of Indian Basket Crude touched a high of 77.88 Dollar per Barrel in Sep 2018 and recorded a low of 54.52 Dollar per Barrel in Sep 2017.

Indian Basket Crude Price Comparision

Price Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
77.88
Sep 2018
73.47
Jul 2018
54.52
Sep 2017
109.47
Sep 2013
96.81
Sep 2008
Dollar per Barrel

Indian Basket Crude Monthly Price Trend

Indian Basket Crude
DATE PRICE CHANGE % CHANGE
Sep 2018 77.88 +5.35   7.38%
Aug 2018 72.53 -0.94   1.28%
Jul 2018 73.47 -0.36   0.49%
Jun 2018 73.83 -1.42   1.89%
May 2018 75.25 +6.03   8.71%
Apr 2018 69.22 +5.42   8.50%
Mar 2018 63.80 +0.26   0.41%
  (Dollar per Barrel) Source: PPAC

Indian Basket Crude Monthly Average Price Trend

Indian Basket Crude Monthly Average Price Trend Chart

Indian Basket Crude Yearly Average Price Trend

Indian Basket Crude Yearly Average Price Trend


Indian Basket Crude

The composition of Indian Basket of Crude represents Average of Oman & Dubai for sour grades and Brent (Dated) for sweet grade in the ratio of crude processed during previous financial year. It is used as an indicator of the price of crude imports in India and the average price of the Indian Basket Crude Oil is publised by Petroleum Planning & Analysis Cell (PPAC) every month.

The composition of Indian Basket of Crude processed in the country has over the years moved in favour of Oman & Dubai for sour grades and away from Brent (Dated) for sweet grade. In 2000-01 the ratio of Oman & Dubai crude vs Brent sweet crude processed in India was 57:43 and in 2017-18 this ratio stood at 77.38:27.62.

Chart of composition of Indian Basket of Crude

Volatility in Indian Basket Crude Prices

  Last 30 Days Last 6 Mths Last 1 Year
Min 72.53 69.22 54.52
Max 77.88 77.88 77.88
Average 75.21 73.70 66.98
Volatility    3.56%    3.57% 10.66%
(Dollar per Barrel)

  • The more we focus on using renewable fuels, the less we are dependent upon foreign oil.

  • ~ John M. McHugh


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Indian Basket Crude
Historical Price

Select Date

Indian Basket Crude
(Dollar per Barrel)

DATE PRICE   CHANGE
Sep 30, 2018     77.88        5.35
Aug 31, 2018     72.53        0.94
Jul 31, 2018     73.47        0.36
Jun 30, 2018     73.83        1.42
May 31, 2018     75.25        6.03
Apr 30, 2018     69.22        5.42
Mar 31, 2018     63.80        0.26
Feb 28, 2018     63.54        3.52
Jan 31, 2018     67.06        4.77
Dec 31, 2017     62.29        0.97
Nov 30, 2017     61.32        5.26
Oct 31, 2017     56.06        1.54
Sep 30, 2017     54.52        3.89
Aug 31, 2017     50.63        2.77
Jul 31, 2017     47.86        1.30
Jun 30, 2017     46.56        4.01
May 31, 2017     50.57        1.92
Apr 30, 2017     52.49        1.02
Mar 31, 2017     51.47        3.39
Feb 28, 2017     54.86        0.78
Jan 31, 2017     54.08        1.34
Dec 31, 2016     52.74        8.28
Nov 30, 2016     44.46        4.79
Oct 31, 2016     49.25        4.77
Sep 30, 2016     44.48        0.09
Aug 31, 2016     44.39        0.87
Jul 31, 2016     43.52        3.44
Jun 30, 2016     46.96        1.95
May 31, 2016     45.01        5.13
Apr 30, 2016     39.88        3.46