Crude Above $108 | PP Deemed Export Prices Rise
Crude oil remains above $108 per barrel as restricted movement through the Strait of Hormuz continues to keep global supply and freight risks elevated.
Meanwhile, PP deemed-export prices have been revised upward, while domestic PP prices remain unchanged.
Market Snapshot
🛢️ CRUDE OIL : $108.02/bbl
â–Ľ 0.67%
đź’±
USD/INR : â‚ą95.95 â–Ľ 0.12%
Domestic Price Update
PP | Effective 16 Sep 2026
🔺 Deemed Export Prices:
â‚ą6,000/MT
âž–
Domestic PP Prices: Rollover
Increase applies to deemed exports; domestic PP prices remain unchanged.
What Is Happening?
1. Only 4 vessel crossings on Tuesday.
2. Recent 10-day average: 18 crossings.
3. Supply and freight risks remain elevated.
PolyMart Perspective
Buy To Requirement: Plan purchases against confirmed
needs.
Maintain Balanced Inventory: Avoid excess stock in an uncertain market.
Track Key Indicators: Monitor crude, USD/INR, freight and producer updates.
PolyMart — Procure With Purpose.
Disclaimer:
PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.
