The already-elevated India's crude oil basket price is rising, with the average based on daily costs for June jumping to over $115 per barrel, compared to $109.51 in May and $102.97 in April.
The average price of the Indian crude oil basket this month has jumped to $107.27 per barrel as of May 18, 2022, a jump of over 4 per cent compared to near $103 per barrel average in April; data showed on Thursday.