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of <h1>Crude Oil Price for Indian Basket Rises to $106.95 per Barrel Amid Rupee Depreciation on May 22, 2012.</h1> The international crude oil price for the Indian Basket rose to $106.95 per barrel on May 22, 2012, from $106.43 the previous day, as reported by the Petroleum Planning and Analysis Cell under the Ministry of Petroleum and Natural Gas. In rupee terms, the price increased to Rs 5869.42 per barrel due to a rise in dollar terms despite the rupee depreciating from Rs 54.68 to Rs 54.88 against the dollar. This reflects a broader trend of fluctuating crude oil prices and currency exchange rates impacting the cost in local currency terms.
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