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 by over two dollar to US$ 105.79/barrel (bbl) on 18.05.2012. This was lower than US$ 107.87/bbl on the previous trading day’s figures of 17.05.2012.
In rupee terms, also, the crude oil price decreased to Rs 5805.76 on 18.5.2012 from Rs 5867.05 per bbl on 17.05.2012. This was due to fall in the price in dollar terms. The gains were restricted by further rupee depreciation with rupee-dollar exchange rate on 18.5.2012 at Rs 54.88/US$ against Rs 54.39//US$ on 17.05.2012.
The table below gives details in this regard:
Price on 18 May, 2012 (previous trading day
May 01-15, 2012
April 16-30, 2012)
Crude Oil (Indian Basket)