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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
18-October-2012 15:59 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$ 111.79/barrel (bbl) on 17.10.2012. This was lower than US$ 112.45/bbl on the previous trading day’s figures 16.10.2012.
In rupee terms also, the crude oil price went down to Rs 5896.92 per bbl on 17.10.2012 as compared to Rs 5939.61 per bbl on 16.10.2012. This was due to fall in crude oil prices dollar terms and helped by rupee appreciation with rupee-dollar exchange rate on 17.10.2012 at Rs 52.75/US$ against Rs 52.82US$ on 15.10.2012.
The table below gives details in this regard:
Particulars | Unit | Price on 17 October,2012 (previous trading day i.e.16.10.2012) | Last Fortnight October 1-15,2012 (previous fortnight 16-30 September, 2012) |
Crude Oil (Indian Basket) | ($/bbl) | 111.79 (112.45) | 110.56 (109.91) |
(Rs/bbl | 5896.92 (5939.61) | 5806.61 (5896.67) | |
Exchange Rate | (Rs/$) | 52.75 (52.82) | 52.52 (53.65) |
RCJ/RKS –Daily Crude oil price- 18.10.2012
International crude oil price decline for the Indian Basket reflected in lower rupee prices aided by rupee appreciation. International crude oil price for the Indian Basket fell to US$ 111.79 per barrel on 17 October 2012 from US$ 112.45 the previous trading day, and in rupee terms declined to Rs 5,896.92 per barrel from Rs 5,939.61, attributable to lower dollar prices and a modest rupee appreciation (exchange rate Rs 52.75/US$). of Press 'Enter' after typing page number.
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