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        FEMA & RBI

        International Crude Oil Prices of Indian Basket declines to US$ 108.03/bbl on 26.9.2012

        September 27, 2012

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        Press Information Bureau

        Government of India

        Ministry of Petroleum & Natural Gas

        27-September-2012 15:54 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$ 108.03/barrel (bbl) on 26.9.2012. The price was higher than US$ 109.19 bbl on 25.09.2012, the last trading day.

        In rupee terms also, the crude oil price decreased to Rs 5788.25 per bbl on 26.09.2012 from Rs 5844.94 per bbl on 25.09.2012. The rupee-dollar exchange rate on 26.09.2012 was at Rs 53.58 /US$ against Rs 53.53/US$ on 25.09.2012.  

        The table below gives details in this regard: 

        Particulars

        Unit

        Price on 26 September,2012 (previous trading day

        i.e.25.9.2012)

        Last Fortnight

        September 01-15, 2012

        (previous fortnight

        16-31 August, 2012)

        Crude Oil

        (Indian Basket)

        ($/bbl)

                  108.03   (109.19)                   

           113.64     (112.39)                

        (Rs/bbl

                5788.25 (5844.94)           

          6303.61  (6250.01)  

        Exchange Rate

        (Rs/$)

                    53.58     (53.53)             

              55.47      (55.61)                         

        RCJ/RKS –Daily Crude oil price- 27.09.2012

        Crude oil price decline for the Indian Basket reduces the rupee-denominated benchmark and reflects exchange-rate impact. International crude oil price for the Indian Basket decreased to US$ 108.03 per barrel on 26 September 2012, with the rupee-denominated price falling to Rs 5,788.25 per barrel and the rupee-dollar exchange rate at Rs 53.58 per US dollar; the release compares these figures with the previous trading day and provides fortnightly averages to show short-term movements.
                          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.

                                Crude oil price decline for the Indian Basket reduces the rupee-denominated benchmark and reflects exchange-rate impact.

                                International crude oil price for the Indian Basket decreased to US$ 108.03 per barrel on 26 September 2012, with the rupee-denominated price falling to Rs 5,788.25 per barrel and the rupee-dollar exchange rate at Rs 53.58 per US dollar; the release compares these figures with the previous trading day and provides fortnightly averages to show short-term movements.


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