Monday, June 11, 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 declined by over two dollars to US$ 96.24/barrel (bbl) on8.6.2012.The  price was US$ 98.37/bbl, on the previous trading day of 7.6.2012.

In rupee terms also, the crude oil price decreased to Rs 5327.85 on 08.06.2012 from Rs 5425.11 per bbl on 07.06.2012. This was due to fall in the price in dollar terms. The gains were slightly moderated by rupee depreciation with rupee-dollar exchange rate on 08.06.2012 at Rs 55.36 /US$ against Rs 55.15/US$ on  7.06.2012. 

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