Indian Basket Price of Crude Oil
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The composition of Indian Basket of Crude oil represents Average of Oman & Dubai for sour grades and Brent (Dated) for sweet grade. The ratio of crude oil for this purpose is taken based on actual sour and sweet grade crude oil processed in the country in the previous financial year which is 69.9 : 30.1 for 2013-14.
Crude oil with high amount of sulphur is termed as sour and with less sulpher is called the sweet grade.
The price of Indian Basket is updated on the site of Petroleum Planning and Analysis Cell PPAC
