Thursday, June 7, 2012

International Crude oil Price of Indian Basket Marginally Rises to US$ 98.59/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 slightly increase to US$ 98.59/barrel (bbl) on 6.6.2012.This was higher than US$ 98.49/bbl, on the trading day’s figures 5.6.2012.

In rupee terms, however, the crude oil price was a fraction lower at Rs 5471.75 on 06.06.2012 as compared to Rs 5472.10 per bbl on 05.06.2012. This was due to decrease rupee appreciation with rupee-dollar exchange rate on 05.06.2012 at Rs 55.50/US$ against Rs 55.56/US$ on 5.06.2012.

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