Indian Crude Oil Basket Price Remains High At $106.03 A Barrel As On Monday
NDTV
The Indian crude oil basket price remained high at $106.03 per barrel on April 18, 2022, at an exchange rate of Rs 76.37 against the dollar.
The Indian crude oil basket price remained high at $106.03 per barrel on April 18, 2022, at an exchange rate of Rs 76.37 against the dollar, according to the Petroleum Planning and Analysis Cell report on Tuesday.
While the price was steady from $106.03 per barrel for data on April 15, 2022, the rupee has weakened from Rs 76.22 per dollar exchange rate reported for Wednesday last week.
Supply concerns have kept global crude prices high as the Russia-Ukraine war intensifies, and a surge in the dollar to a fresh two-year high has not helped importers.
India depends on imports for about 85 per cent of its oil requirements, and a weakening currency adds more burden on importers.
