Supported data show the Indian crude basket at $68.86 per barrel on Friday after a 56 percent decline from its March 23 peak of $157.04, with India importing more than 88 percent of its crude. Unverified reports cite WTI at $70.23 and Brent at $72.54 around 7 am IST Tuesday alongside a 10.6 percent weekly drop and record Hormuz shipments. Government excise cuts of ₹10 per litre on March 27 coincided with oil-marketing company losses of ₹26 per litre on petrol and ₹81.90 on diesel.