07-July-2026
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Indian crude basket falls below pre-conflict levels, averages $67.88/bbl in July
07-Jul-2026

India's crude oil basket has fallen below pre-conflict levels in West Asia, averaging $67.88 per barrel so far in July, according to data from the Petroleum Planning and Analysis Cell (PPAC). The data showed that the Indian crude basket, which represents the average cost of crude oil imported by the country, stood at $68.21 per barrel on July 3. This is the lowest level since the West Asia conflict began and is even lower than the average of $69.01 per barrel recorded in February, before the crisis.

News Source:- https://www.newindianexpress.com/business/2026/Jul/06/indian-crude-basket-falls-below-pre-conflict-levels-averages-6788bbl-in-july