India's crude import price jumps 12% to over $100/barrel

India's crude import price jumps 12% to over $100/barrel — Crude oil import basket rose nearly 12% month-on-month, crossing the $100 per barrel mark, driven by global supply concerns and geopolitical tensions. This sharp increase may widen India’s trade deficit and impact inflation, affecting monetary policy outlook. Fuel costs for airlines, transport, and manufacturing could rise, pressuring margins.

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