Petrol & Diesel Int’l FOB Prices Also SurgeNEW DELHI: Indian basket of crude oil jumped 11% in a day to $103.33 per barrel Thursday, the highest in two months, amid disruptions caused by the closure of Strait of Hormuz and Houthi militia targeting shipping vessels in the Red Sea.Global benchmark Brent crude, which crossed the $100-per-barrel mark on Thursday, eased marginally to $97.08 (at 8.30 pm) Friday.International FOB (free-on-board) prices of petrol and diesel have also surged, raising the possibility of under-recoveries for oil marketing companies if retail pump prices remain unchanged.India's retail petrol and diesel prices are linked to international product prices because it imports nearly 90% of its crude oil requirement. International FOB prices are generally higher than crude prices as they include refining costs, freight and marketing margins.While the international FOB price of diesel has averaged $129.8 a barrel in July, up $120 June, the corresponding price for petrol has averaged $103.3 this month, though it remains lower than $107.8 in June.Oil marketing companies were making an under-recovery over Rs 1,000 crore a day in May, when the Indian basket of crude oil - a weighted average price representing the actual mix of crude imported by India - averaged more than $110 per barrel.Govt subsequently increased petrol and diesel prices by nearly Rs 7.5 per litre over a few days in May, which partly reduced the under-recoveries.Separately, citing a notice posted on the US treasury department's website Friday, Reuters reported that the US will allow certain transactions involving Lukoil International GmbH to continue till Aug 22.