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Why is India paying far more for crude oil than the rest of the world? While headlines focus on Brent prices hovering around $100–110 per barrel, India’s actual crude basket—heavily dependent on Middle Eastern sour grades like Dubai and Oman—has surged past $150 amid the Iran conflict and disruptions around the Strait of Hormuz. In this episode of Kharcha Paani, Shruti breaks down how India’s refinery design, import dependence, and pricing mechanisms are forcing the country to pay a steep premium—nearly $40–$60 extra per barrel, translating to an estimated ₹2000 crore daily impact. We also explain the difference between Brent and the Indian basket, hidden costs beyond FOB pricing, and how this directly affects inflation, airfares, LPG prices, and the broader economy.
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Production: Shruti
Video Editor: Rashid
