New Delhi: The crude oil basket price of India is again surging. It has reached at $ 115.17 per barrel in June at an exchange rate of (Rs/$) 77.59. Crude oil price was at $ 109.51 in May and $ 102.97 in April.
Earlier on May 21, the union government had reduced excise duty on petrol by Rs 8 per litre and by Rs 6 per litre on diesel. The duty was reduced to combat the rising inflation in the country.
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According to the Petroleum Planning and Analysis Cell’s report, the Indian crude oil basket prices averaged $ 84.67 per barrel in January, $ 94.07 in February and $ 112.87 in March.
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