Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

19-December, 2012 15:20 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 up to US$ 107.18/barrel (bbl) on 18.12.2012. This was higher than the price of US$ 106.96/bbl on the previous trading day of 17.12.2012. 

In rupee terms also, the crude oil price increased to Rs 5878.82/bbl on 18.12.2012 from Rs 5843.22/bbl on 17.12.2012. This was due to price increase in dollar terms and rupee depreciation. Rupee dollar-exchange rate on 18.12.2012 was Rs 54.85/US$ against Rs 54.63/US$ on previous trading day of 17.12.2012.

The table below gives details in this regard:

Particulars	Unit	Price on 18 December, 2012 (previous trading day i.e.17.12.2012)	Last Fortnight December  01-15, 2012 (previous fortnight 16-30, November 2012)
Crude Oil (Indian Basket)	($/bbl)	107.18        (106.96)	106.85   (108.94)
	(Rs/bbl	5878.82      (5843.22)	5815.85 (6010.22)
Exchange Rate	(Rs/$)	54.85          (54.63)	54.43       (55.17)

 

 RCJ/RKS –Daily Crude oil price- 19.12.2012       

 

Crude oil price update: Indian Basket rose, driven by higher dollar prices and rupee depreciation affecting domestic rates. International crude oil price for the Indian Basket rose to US$ 107.18 per barrel on 18 December 2012 from US$ 106.96 on the previous trading day; concurrent rupee depreciation contributed to a higher domestic price of Rs 5,878.82 per barrel on 18 December 2012 compared with Rs 5,843.22 on 17 December 2012.