Crude Oil Price of Indian Basket below 90$

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 marginally increased to US$ 89.39 /barrel (bbl) on 25.6.2012.The price was higher than US$ 89.19 /bbl on the previous trading day of 22.6.2012. In rupee terms lower, the crude oil price declined to Rs 5053.22 per bbl on 25.06.2012 from Rs 5082.94 per bbl on 22.06.2012. This was due to decrease in rupee appreciation with rupee-dollar exchange rate on 25.06.2012 at Rs 56.53 /US$ against Rs 56.99/US$ on 22.06.2012.