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 has been taken at the same rate as recorded on 04.06.2012 which was US$ 98.49/barrel (bbl).
In rupee terms, however, the crude oil price was marginally higher at Rs 5472.10 on 05.06.2012 as compared to Rs 5468.16 per bbl on 04.06.2012. This was due to increased rupee depreciation with rupee-dollar exchange rate on 05.06.2012 at Rs 55.56/US$ against Rs 55.52//US$ on 4.06.2012.
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