India's crude oil basket rose marginally to $57.80 per barrel Wednesday from $57.50 a day earliera, the petroleum and natural gas ministry said today. | |
| Wednesday, Brent crude closed at $59.15 a barrel, while Dubai and Oman benchmarks were at $58.60 and $57.18 respectively. In November till Wednesday, the basket averaged at $57.37 a barrel. In October, the basket averaged $57.27 a barrel compared with September's $61.04 and August's $70.84. |
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| The softening of crude prices since September has provided some relief to India's oil marketing companies that had been reeling under heavy revenue losses. |
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