Crude Oil Purchase – Average Indian Basket Since 2000

(USD/Barrel)

  • 2000-01 – 26.92
  • 2001-02 – 22.55
  • 2002-03 – 22.60
  • 2003-04 – 27.98
  • 2004-05 – 39.21
  • 2005-06 – 55.72
  • 2006-07 – 62.46
  • 2007-08 – 79.25
  • 2008-09 – 83.57
  • 2009-10 – 69.76
  • 2010-11 – 85.09
  • 2011-12 – 111.89
  • 2012-13 – 107.97
  • 2013-14 – 105.52
  • 2014-15 – 84.16
  • 2015-16 – 46.17
  • 2016-17 – 47.56
  • 2017-18 – 56.43
  • 2018-19 – 69.88
  • 2019-20 – 60.47
  • 2020-21 – 44.82
  • 2021-22 – 79.18
  • 2022-23 – 93.15
  • 2023-24 – 74.94 (April to July)

The Basket represents – Sour grade (Oman & Dubai average) and Sweet grade (Brent Dated) of Crude oil processed in Indian refineries in the ratio of 75.62 : 24.38.

(PPAC)

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