India crude basket averages US$120 in October: what it means for fuel prices

In this short

• FUEL POLICY India Crude Costs Hit Drivers’ Watchlist The import-cost signal is near a 15-year high, but a pump-price hike is not automatic.
• THE NUMBER Near Fifteen-Year High US$120/bbl Business Standard and Times of India reported the October average using PPAC data.
• WHY IT MATTERS OMC Margins Face Pressure Higher landed crude costs can squeeze retailers before any change reaches the pump.
• IMPORT BILL More Cost For India US$90.6bn PPAC data reported by Business Standard and Moneycontrol shows April–September crude imports were 46.4%…
• READ THE FULL STORY What Drivers Should Watch Track city prices, OMC decisions and the rupee before assuming a fuel-price change.
• READ THE FULL STORY Get the full breakdown Sources, numbers and what to watch next.