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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
23-October-2012 12:21 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 fell sharply to US$ 108.50/barrel (bbl) on 22.10.2012. This was lower than US$ 110.62/bbl on the previous trading day’s figures of 19.10.2012.
In rupee terms also, the crude oil price declined to Rs 5823.20 per bbl on 22.10.2012 as compared to Rs 5942.51 per bbl on 19.10.2012. This decline was result fall in crude oil prices in dollar terms and also contributed by the marginal of rupee appreciation with rupee-dollar exchange rate on 22.10.2012 at Rs 53.67/US$ against Rs 53.72/US$ on 19.10.2012,.
The table below gives details in this regard:
Particulars | Unit | Price on 22 October, 2012 (previous trading day i.e. 19.10.2012) | Last Fortnight October 1-15,2012 (previous fortnight 16-30 September, 2012) |
Crude Oil (Indian Basket) | ($/bbl) | 108.50 (110.62) | 110.56 (109.91) |
(Rs/bbl | 5823.20 (5942.51) | 5806.61 (5896.67) | |
Exchange Rate | (Rs/$) | 53.67 (53.72) | 52.52 (53.65) |
RCJ/RKS –Daily Crude oil price- 23.10.2012
Crude oil price decline lowers international basket and rupee-denominated rates amid modest rupee appreciation. International crude oil prices for the Indian basket declined on 22 October 2012, driven by lower dollar-denominated crude prices; the rupee-denominated per-barrel price also fell due to both the dollar price decline and a modest rupee appreciation against the US dollar, with comparative figures provided for the prior trading day and the recent fortnight. of Press 'Enter' after typing page number.
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