Thursday, May 24, 2012

International Crude Oil Price of Indian Basket increase

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 increased to US$ 106.95/barrel (bbl) on 22.05.2012. This was slightly higher than US$ 106.43//bbl, the previous trading day’s figures of 21.05.2012. 


In rupee terms, however, the crude oil price increased to Rs 5869.42 on 22.5.2012 from Rs 5819.59 per bbl on 21.05.2012. This was due to increase in the price in dollar terms despite rupee depreciation with rupee-dollar exchange rate on 22.5.2012 at Rs 54.88/US$ against Rs 54.68//US$ on 21.05.2012. 


            The table below gives details in this regard




Price on 22 May, 2012 (previous trading day

i.e. 21.5.2012)

Last Fortnight

May 01-15, 2012

(previous fortnight

April 16-30, 2012)

Crude Oil (Indian Basket)


106.95     (106.43)

111.15     (116.20)


5869.42    (5819.59)

5957.89  (6063.32)

Exchange Rate


54.88        (54.68)

53.41      (52.18)

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