raw · $/bbl
Brent crude
87.00$/bbl
▲ 3.41%
as of 29 Jul, 02:57 pm
Operator read
Brent $87/bbl +3.4% WoW; refinery landed cost watch.
Benchmark feedstock for every Indian refinery; sets the floor for all refined product costs.
Who consumes this
Why it matters
Indian refineries import 85-88% of the crude they process. Every dollar move in Brent translates to roughly ₹6-7/litre change in the theoretical breakeven for petrol and diesel, before tax smoothing. The government can absorb some of this through excise cuts; the rest either compresses OMC margins or passes to the pump. Brent is the single most consequential number in the Indian energy stack.
Related deep-dives
- Russia crude tracker – Eurasia share of Indian imports over time.
- Hormuz watch – Gulf chokepoint exposure for crude flows.
Source