Indian crude prices return to pre-conflict levels
pre-market1 source ↓written by the desknot a recommendation
- have returned
- $70.71 per barrel
- in April
- $114.48
Indian basket crude prices have returned to $70.71 per barrel, easing inflationary pressures and improving the financial position of the Centre and oil marketing companies. This follows a peak of $114.48 in April. The decline in crude prices may not immediately impact retail fuel prices, despite reducing the import bill significantly.
Not investment advice. For informational purposes only.