Indian Basket Crude Price

Indian Basket Crude

Chart of Indian Basket Crude Prices - Monthly/ Yearly
Indian Basket Crude Prices
Average monthly price of Indian Basket Crude for the month of March 2020 was 33.36 Dollar per Barrel. This represents a decrease in the price of Indian Basket Crude by 21.27 Dollar per Barrel from last month's average price of US$54.63/barrel in February 2020.
In the one year period, the price of Indian Basket Crude touched a high of 71.00 Dollar per Barrel in Apr 2019 and recorded a low of 33.36 Dollar per Barrel in Mar 2020.
Indian Basket Crude Price Comparision
Price | Month ago |
1 Year ago |
5 Years ago |
10 Years ago |
33.36 Mar 2020 |
54.63 Feb 2020 |
66.74 Mar 2019 |
55.18 Mar 2015 |
78.02 Mar 2010 |
Dollar per Barrel |
Indian Basket Crude Monthly Price Trend
Indian Basket Crude | |||
---|---|---|---|
DATE | PRICE | CHANGE | % CHANGE |
Mar 2020 | 33.36 | -21.27 | 38.93% |
Feb 2020 | 54.63 | -9.68 | 15.05% |
Jan 2020 | 64.31 | -1.19 | 1.82% |
Dec 2019 | 65.50 | +2.97 | 4.75% |
Nov 2019 | 62.53 | +2.83 | 4.74% |
Oct 2019 | 59.70 | -2.02 | 3.27% |
Sep 2019 | 61.72 | +2.37 | 3.99% |
(Dollar per Barrel) | Source: PPAC |
Indian Basket Crude Monthly 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.
Volatility in Indian Basket Crude Prices
Last 30 Days | Last 6 Mths | Last 1 Year | |
---|---|---|---|
Min | 33.36 | 33.36 | 33.36 |
Max | 33.36 | 65.50 | 71.00 |
Average | 33.36 | 56.67 | 60.68 |
Volatility | 0.00% | 19.43% | 15.28% |
The more we focus on using renewable fuels, the less we are dependent upon foreign oil.
~ John M. McHugh