India's crude basket hits $123.29; weak rupee raises pressure on fuel costs
India’s crude basket touched $123.29 a barrel on 23 Oct, while a weaker rupee raised import costs for oil companies. Delhi pump…
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In this short
- FUEL POLICY Crude costs rise for India India’s crude basket reached a fresh pressure point as the rupee weakened against the dollar.
- THE NUMBER Indian basket touches $123.29 $123.29 The reported price was recorded on 23 October 2026, near the March 2012 level.
- CURRENCY EFFECT A weaker rupee lifts import cost ₹95.1150 Reuters reported the rupee’s 27 October closing level against the US dollar.
- DRIVER IMPACT Pump prices have not moved automatically ₹102.12/L PPAC listed Delhi petrol at this rate on 27 October; diesel was ₹95.20 per litre.
- READ THE FULL STORY What drivers should monitor See how crude, currency, OMC margins and taxes can shape future fuel-cost pressure.
- READ THE FULL STORY Get the full breakdown Sources, numbers and what to watch next.
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