September 24, 2026
Business

Wars prompt India to change crude price basket formula, fix 3-yr inaccuracy(Soban News)

Under the old formula, India’s crude basket rose to $156 a barrel, overstating actual import costs as it failed to reflect the prices paid by refiners and the sources of supply

​Under the old formula, India’s crude basket rose to $156 a barrel, overstating actual import costs as it failed to reflect the prices paid by refiners and the sources of supply by Soban News (international And National News)

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