Crude Oil Rate in India Today
In India, today's Crude Oil price is ₹9,791 per BBL, and is witnessing a declining trend of 0.77%.
Crude oil is one of the most important commodities in the global energy market. Its price changes mainly due to global demand and supply, production levels, OPEC+ decisions, economic conditions and geopolitical events. Changes in crude oil prices can also influence fuel prices, inflation and other parts of the economy.
Price of Crude Oil for the Last 10 days
Date | Crude Oil Price (₹/BBL) | % Change |
17 Sep 2026 | ₹9,791 | -0.77% |
16 Sep 2026 | ₹9,866 | -0.35% |
15 Sep 2026 | ₹9,901 | -0.29% |
14 Sep 2026 | ₹9,930 | 3.98% |
13 Sep 2026 | ₹9,535 | 0.02% |
12 Sep 2026 | ₹9,533 | 0.73% |
11 Sep 2026 | ₹9,463 | -0.77% |
10 Sep 2026 | ₹9,536 | 4.30% |
09 Sep 2026 | ₹9,126 | 3.66% |
08 Sep 2026 | ₹8,792 | 0.36% |
07 Sep 2026 | ₹8,760 | 0% |
Crude Oil Historical Prices
Month | Average Price (₹/Barrel) | Monthly Trend |
Aug 2026 | ₹8,214 | +3.25% |
Jul 2026 | ₹7,955 | 0.00% |
Jun 2026 | ₹7,612 | +3.21% |
May 2026 | ₹7,375 | +2.84% |
Apr 2026 | ₹7,171 | -1.16% |
Mar 2026 | ₹7,255 | +4.08% |
Feb 2026 | ₹6,971 | +2.42% |
Jan 2026 | ₹6,806 | +1.95% |
Factors Affecting Crude Oil Prices
Several factors can cause crude oil prices to rise or fall:
- Global Demand: Higher demand from industries, transport and major economies can push crude oil prices higher.
- Supply and Production: Changes in crude oil production and availability can have a direct impact on prices.
- OPEC+ Decisions: Production decisions by OPEC+ countries can influence global crude oil supply and prices.
- Economic Conditions: Strong economic growth can increase energy demand, while weaker economic activity can reduce demand.
- Geopolitical Events: Conflicts, political instability and disruptions in major oil-producing regions can affect supply and prices.
- Currency Movements: Changes in the US dollar can influence international crude oil prices and their value in India.
- Oil Inventories: Changes in crude oil stock levels can indicate whether supply is tight or demand is weakening.
How Is the Crude Oil Price Determined?
Crude oil prices are mainly determined by global demand and supply. Production levels, inventories, OPEC+ decisions, economic conditions and geopolitical developments can influence the international price.For India, the price is also affected by the international crude oil price, the US dollar-rupee exchange rate, import costs, taxes and domestic market conditions.
Why Does Crude Oil Price Change Every Day?
Crude oil is traded in global markets, so its price can change frequently based on changes in supply, demand, economic expectations and global events. OPEC+ production decisions, geopolitical developments and currency movements can also cause significant price changes.
How Crude Oil Prices Affect India
India imports a significant amount of its crude oil requirement, making international crude oil prices important for the domestic economy. Changes in crude oil prices can affect the cost of petroleum products, transportation and other goods and services. They can also influence inflation and the country's import bill.
Uses of Crude Oil
Crude oil is processed into several petroleum products used across different sectors. Major uses include:
- Petrol and diesel
- Aviation fuel
- LPG and other fuels
- Lubricants
- Petrochemicals
- Plastics and synthetic materials
- Industrial products
Also check other Commodity Prices
- Commodity Trading in India
- Gold Rate/Price Today in India
- Copper Price Today
- Mentha Oil Price Today
- Aluminium Price Today
- Zinc Price Today
- Palladium Price Today
- Nickel Price Today
- Cotton Price Today
- Soy Oil Price Today
- Lead Price Today in India
- Steel Price Today
- Iron Ore Price Today
- Coal Price Today
- Rubber Price Today
- Coffee Price Today
- Palm Oil Price Today
- Guar Seed Price Today
- Castor Seed Price Today
- Jeera Price Today
- Wheat Price Today
- Lumber Price Today
FAQs on Crude Oil Price Today
1.What do you mean by the price of MX Crude Oil?
The price of crude oil that is quoted on the Multi Commodity Exchange (MCX) is known as the MCX crude oil price.
2.What kind of crude oil imports does India make?
The grade of crude oil that India imports from the Persian Gulf is known as Indian Basket crude. It is a weighted average of the Brent Crude (sweet) and Dubai and Oman (sour) crude oil prices.
3.Where is crude oil produced?
Because crude oil and petroleum are mixtures of hydrocarbons that formed from the remains of plants and animals (diatoms) that lived in a marine environment millions of years ago before dinosaurs existed, we refer to them as fossil fuels.
4.Who oversees investments in crude oil in India?
The trading of crude oil is one of the commodity derivatives governed by the Securities and Exchange Board of India.
5.Who exports the most oil?
Russia is the second-biggest exporter of crude oil after Saudi Arabia and the largest exporter of oil to international markets.
6.Can regular people buy crude oil?
By opening a commodity trading account with a stockbroking company, retail investors can trade in crude oil.
7.I want to invest in crude oil, but do I need a Demat account?
A commodity trading account is what you need if you are investing in crude oil through a futures contract rather than a Demat account. A Demat account is needed for stock or ETF investments.
8.Is there a need for 100 barrels to invest in crude oil?
No, although the 100-barrel futures contract is the one that is most frequently traded, you can invest using a 10-barrel mini-futures contract.
News about Crude Oil Price Today
Price of auto fuel drops before April
Ahead of the general elections in April, the retail prices of auto fuel, such as petrol and diesel will reduce, provided the crude oil prices remain below 80 dollars per barrel during this period. The crude oil prices shot up by 18% in 2023 compared to 2022 due to Russian Ukraine war and currently, OMCs (oil marketing companies) are selling petrol and diesel at Rs.11 and Rs.6 per liter, respectively.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2026 BankBazaar.com.