Indian Basket Crude Price
Indian Basket Crude
5.35 Dollar per Barrel
Chart of Indian Basket Crude Prices - Monthly/ Yearly
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 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 | 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% |
The more we focus on using renewable fuels, the less we are dependent upon foreign oil.
~ John M. McHugh