# How to calculate mcx crude from internationalprice

at 1000 Am, May 14 nymex crude at 47\$/ & UsdINR is 60.00 after converting the crude price in Indian rupee will be 47x60=2820, at the same time Mcx Apr 14 crude price is 2845. A difference of Rs25 exist. How the difference is arrived? People tell me that it is Cost of carry/Premium, tax, duty etc, But what i want is how the price difference is arrived, is there any formula?

Hi Kumaresh,

I too searched for the same thingâ€¦

But the Answer is there is no Such formulaâ€¦

To understand

The price u calculated i.e. Rs 2820 by Mutiplying USDINR x Nymex price is price with which Uâ€™ll get One Barrel in USâ€¦But Bringing that One barrel to Indiaâ€¦U hav to pay Shipping charges, Duties etc

In plain languageâ€¦ here the COC means if U import the the Crude from outsideâ€¦

the Shipping Charges, taxes etc will amount to Rs25 (say) per barrelâ€¦

It is not fixedâ€¦It may differâ€¦It is the Investors increase or decrease the price diff based on expectationâ€¦

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