India’s average crude oil basket price falls to $77.6/bbl in July from $114.5 in April: Govt

New Delhi: India’s average crude oil basket price has declined sharply to $77.6 per barrel in July (up to July 22) from $114.5 per barrel in April 2026, easing pressure on the country’s crude oil import bill and supporting the external sector, the government informed Parliament on Monday. Replying to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the recent…