India’s imported prices for Group III 4cst base oils held in a narrow range in March, maintaining a wide premium to Group I and Group II base oils.The average price for imported supplies of Group III 4cst base oils, excluding Qatar, came to around $1,450/t cfr in March, provisional customs data showed. The price was down from $1,470/t in February but still up from price levels at end-2022.Imported prices for Group III 4cst base oils held firm in a narrow range since the fourth quarter of the year, contrasting with the sustained fall in prices for other grades..India’s March v-light grade base oil import price falls
