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        FEMA & RBI

        International Crude Oil Prices of Indian Basket Decreases on 24.9.2012 to US$ 108.42/BBL

        September 25, 2012

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        Press Information Bureau

        Government of India

        Ministry of Petroleum & Natural Gas

        25-September-2012 15:55 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 decreased to US$ 108.42/barrel (bbl) on 24.9.2012. The price was higher than US$ 109.20/bbl on 21.09.2012, the last trading day.

        In rupee terms also, the crude oil price decreased to Rs 5777.70 per bbl on 24.09.2012 from Rs 5886.97 per bbl on 21.09.2012. The rupee-dollar exchange rate on 24.09.2012 was at Rs 53.29/US$ against Rs 53.91/US$ on 21.09.2012. 

         The table below gives details in this regard:

        Particulars

        Unit

        Price on 24 September,2012 (previous trading day

        i.e.21.9.2012)

        Last Fortnight

        September 01-15, 2012

        (previous fortnight

        16-31 August, 2012)

        Crude Oil

        (Indian Basket)

        ($/bbl)

        108.42    (109.20)

        113.64     (112.39)

        (Rs/bbl

        5777.70  (5886.97)

        6303.61  (6250.01)

        Exchange Rate

        (Rs/$)

        53.29      (53.91)

        55.47      (55.61)

         

        RCJ/RKS –Daily Crude oil price- 25.09.2012

        International crude oil price decrease reported by PPAC, reflecting lower dollar price and rupee exchange rate movement. Publication by the Petroleum Planning and Analysis Cell (PPAC) reporting a decrease in the International Crude Oil Price (Indian Basket) on 24 September 2012, with a lower dollar-denominated benchmark and a corresponding decline in the rupee-denominated price attributable to rupee-dollar exchange rate movement, accompanied by comparative figures for the previous 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 decrease reported by PPAC, reflecting lower dollar price and rupee exchange rate movement.

                                Publication by the Petroleum Planning and Analysis Cell (PPAC) reporting a decrease in the International Crude Oil Price (Indian Basket) on 24 September 2012, with a lower dollar-denominated benchmark and a corresponding decline in the rupee-denominated price attributable to rupee-dollar exchange rate movement, accompanied by comparative figures for the previous trading day and the preceding fortnight.


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