The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas declined to US$ 107.87/barrel (bbl) on 17.05.2012. This was lower than US$ 108.90/bbl on the previous trading day’s figures of 16.05.2012.
In rupee terms, also, the crude oil price decreased to Rs 5867.05 on 17.5.2012 from Rs 5912.18 per bbl on 16.05.2012. This was due to fall in the prices in dollar terma despite further rupee depreciation with rupee-dollar exchange rate on 17.5.2012 at Rs 54.39/US$ against Rs 54.29//US$ on 16.05.2012.
The table below gives details in this regard:
Price on 17 May, 2012 (previous trading day
May 01-15, 2012
April 16-30, 2012 )
Crude Oil (Indian Basket)
111.15 (116.20 )
53.41 (52.18 )
RCJ/RKS –Daily Crude oil price- 18.05.2012