Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman (sour) and the Brent Crude (sweet) crude oil prices. It is used as an indicator of the price of crude imports in India and Government of India watches the index when examining domestic price issues.[1]
- ^ "What is Indian Crude Basket?". indianeconomy.net. Retrieved 19 August 2017.