Thursday, May 31, 2012

International Crude Oil Price of Indian Basket Decreases

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 decreases to US$ 103.47/barrel (bbl) on 30.05.2012. This was lower than US$ 105.84 /bbl, on the previous trading day’s figures of 29.05.2012.

In rupee terms also, the crude oil price decreased to Rs 5795.35 on 30.5.2012 from Rs 5882.59 per bbl on 29.05.2012. This was with rupee-dollar exchange rate on 30.5.2012 at Rs 56.01/US$ against Rs 55.58//US$ on 29.05.2012.

The table below gives details in this regard:

Price on 30 May, 2012 (previous trading day
i.e. 29.5.2012)
Last Fortnight
May 01-15, 2012
(previous fortnight
April 16-30, 2012)
Crude Oil (Indian Basket)
   103.47    (105.84)                                      
     111.15     (116.20)           
 5795.35      (5882.59)                                
   5957.89  (6063.32)    
Exchange Rate
 56.01          (55.58)                                       
       53.41      (52.18)                    

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