Indian crude oil basket price fall to US$ 98.49/BBL

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$ 98.49/barrel (bbl) on 01.06.2012. This was lower than US$ 101.63 /bbl, on the previous trading day’s figures of 31.06.2012.

In rupee terms, however, the crude oil price registered fall went up to Rs 5507.56 on 01.06.2012 from Rs 5733.96 per bbl on 31.05.2012. This was due to decline in crude oil price in dollar terms, though rupee-dollar exchange rate appreciation on 01.06.2012 at Rs 55.92/US$ against Rs 56.42//US$ on 31.05.2012.

The table below gives details in this regard:

Particulars	Unit	Price on 01 June, 2012 (previous trading day i.e.31.5.2012)	Last Fortnight May 16-31, 2012 (previous fortnight May 1-15, 2012)
Crude Oil (Indian Basket)	($/bbl)	98.49 (101.63)	105.57 (111.15)
	(Rs/bbl)	5507.56 (5733.96)	5844.36 (5957.89)
Exchange Rate	(Rs/$)	55.92 (56.42)	55.36 (53.41)