India’s crude oil import basket prices breaches $100/bbl

The current price is the highest since June; the Indian basket crude price averaged $82.04 per barrel in July against $83.22 during June

• Center reporting confirms that India’s crude oil import basket price rises by almost 12% m-o-m to surpass $100 per barrel psychological mark, maintaining strict alignment with verified documentation and chronological timelines.
• Domestic and international publications continue following subsequent developments, evaluating the legal, commercial, and policy ramifications.
• Central reporting emphasizes: India’s crude oil import basket price rises by almost 12% m-o-m to surpass $100 per barrel psychological mark, relying on primary records and direct statements.
• Key stakeholders are assessing potential statutory and systemic reforms in response to the situation.
• Industry observers and legal analysts are monitoring the next procedural steps and public response.