India's crude oil basket just fell below $40, now averaging at 10-year lows
As on March 2016, crude oil price average basket for the year stood at $ 46.17, which is the lowest since the year 2005-06. The current price has also declined by 45.14% on an average against $ 84.16 of the year 2014-15.
These crude oil prices for Indian Basket are now at a 11-year low on an average basis. Photo: Pixabay