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    August 16, 2026
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    August 16, 2026
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    Show AI Summary
    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
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    August 16, 2026
    PM urges MSMEs to tap opportunities from FTAs
    Show AI Summary
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    August 15, 2026
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    Show AI Summary
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    Show AI Summary
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    Show AI Summary
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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 US$ 107.17/bbl on 24.10.2012

      October 25, 2012

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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

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