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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
25-October-2012 12:15 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 went down to US$ 107.17/barrel (bbl) on 24.10.2012. This was lower than US$ 108.50/bbl on the previous trading day’s figures of 22.10.2012.
In rupee terms also, the crude oil price fell to Rs 5743.24 per bbl on 24.10.2012 as compared to Rs 5823.20 per bbl on 22.10.2012. This decline was result fall in crude oil prices in dollar terms and also contributed by a marginal rupee appreciation with rupee-dollar exchange rate on 24.10.2012 at Rs 53.59/US$ against Rs 53.67/US$ on 22.10.2012.
The table below gives details in this regard:
Particulars | Unit | Price on 24 October, 2012 (previous trading day i.e.22.10.2012) | Last Fortnight October 1-15,2012 (previous fortnight 16-30 September, 2012) |
Crude Oil (Indian Basket) | ($/bbl) | 107.17 (108.50) | 110.56 (109.91) |
(Rs/bbl | 5743.24(5823.20) | 5806.61 (5896.67) | |
Exchange Rate | (Rs/$) | 53.59 (53.67) | 52.52 (53.65) |
RCJ/RKS –Daily Crude oil price- 25.10.2012
Crude oil price decline reflects lower dollar prices and marginal rupee appreciation impacting rupee denominated oil cost. Decline in international crude oil price for the Indian Basket reported for 24 October 2012, reflecting a reduction in dollar-denominated benchmark prices between the previous trading day and the reporting date. In rupee terms the per-barrel price also fell, attributable to the decline in dollar prices and a marginal appreciation of the rupee against the US dollar between the two dates. of Press 'Enter' after typing page number.
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