{
  "id": 16733990,
  "title": "India’s Oil Buyers Squeezed by $123 Crude and Weak Rupee",
  "url": "https://urgent.news/2026/10/27/indias-oil-buyers-squeezed-by-123-crude-and-weak-rupee",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T07:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Indias-Oil-Buyers-Squeezed-by-123-Crude-and-Weak-Rupee.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.S. dollars, a weaker Indian currency swells the bill further. The combination of a war premium on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}