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    August 15, 2026
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    Show AI Summary
    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
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      Home› news › FEMA & RBI › 2012 › October, 2012 › This
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      FEMA & RBI

      Global crude oil price of Indian basket declines to US$ 108.50/bbl on 22.10.2012

      October 23, 2012

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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

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