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        FEMA & RBI

        International Crude oil Price of Indian Basket Same on 05.06.2012 toUS$ 98.49/BBL

        June 6, 2012

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        Press Information Bureau

        Government of India

        Ministry of Petroleum & Natural Gas

        06-June-2012 16:36 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 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. 

        The table below gives details in this regard :

        Particulars

        Unit

        Price on 05 June, 2012 (previous trading day

        i.e.04.6.2012)

        Last Fortnight

        May 16-31, 2012

        (previous fortnight

        May 1-15, 2012)

        Crude Oil (Indian Basket)

        ($/bbl)

        98.49      (98.49)

        105.57     (111.15)

        (Rs/bbl)

        5472.10  (5468.16)

        5844.36   (5957.89)

        Exchange Rate

        (Rs/$)

        55.56      (55.52)

        55.36       (53.41)

         

        RCJ/RKS –Daily Crude oil price- 06.06.2012

        International crude oil price unchanged; rupee depreciation pushed up domestic per barrel rupee cost. The international crude oil price for the Indian Basket was unchanged at US$ 98.49 per barrel; however the rupee denominated per barrel price rose marginally due to slight rupee depreciation against the US dollar, with comparative figures provided for the prior trading day and the preceding fortnight.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                International crude oil price unchanged; rupee depreciation pushed up domestic per barrel rupee cost.

                                The international crude oil price for the Indian Basket was unchanged at US$ 98.49 per barrel; however the rupee denominated per barrel price rose marginally due to slight rupee depreciation against the US dollar, with comparative figures provided for the prior trading day and the preceding fortnight.


                                Note: It is a system-generated summary and is for quick reference only.
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