Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

25-April-2012 13:04 IST

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 for a barrel  slightly increased on 24.4.2012 to US$115.57 per barrel (bbl). The price was US$ 115.14 /bbl on previous trading day i.e. 23.04.2012.

In rupee terms also, the crude oil price increased to Rs 6100.94 on 24.4.2012 as compared Rs  6013.76 per bbl on 23.04.2012. This was due to increase in crude oil price in dollar terms and rupee depreciation with rupee-dollar exchange of Rs 52.79 /US$ on 24.4.2012 against Rs 52.23 /US$ on 23.04.2012.

The table below gives details in this regard:

Particulars	Unit	Price on 24 April, 2012 (previous trading day i.e. 23.4.2012)	Last FortnightApril 01-15, 2012(previous fortnight March 16-31, 2012 )
Crude Oil (Indian Basket)	($/bbl)	115.57     (115.14)	120.58     (123.19)
	(Rs/bbl)	6100.94   (6013.76)	6174.90   (6253.12)
Exchange Rate	(Rs/$)	52.79       (52.23)	51.21       (50.76)

RCJ/RKS –Daily Crude oil price- 25.04.2012 

International crude oil price rises, driven by dollar strength and rupee depreciation, raising domestic per barrel rupee cost. International crude oil price for the Indian Basket rose to US$115.57 per barrel on 24 April 2012 from US$115.14 the previous trading day, and to Rs 6,100.94 per barrel in rupee terms due to the combined effect of higher dollar crude prices and rupee depreciation (exchange rate Rs 52.79/US$ from Rs 52.23/US$); these figures were published by the Petroleum Planning and Analysis Cell.