Commodities
Indian Crude Oil Imports Hit Record High Amid Global Price Surge
The average price of crude oil imported by Indian refiners in September was $116.04 per barrel, the highest since the US-Iran war began.
This marks a significant increase from previous months, with the average price jumping past the crucial $120 per barrel mark in the last week of September.
The high crude oil prices have far-reaching implications for the Indian economy, including higher inflation rates and a widening current account deficit.