Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

04-February, 2013 16:22 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$ 112.50/barrel (bbl) on 01.02.2013. This was higher than the price of US$ 112.39/bbl prevailing on the previous trading day of 31.01.2013. 

In rupee terms also, the crude oil price increased to Rs 5998.50/bbl on 01.02.2013 as compared to Rs 5989.26/bbl on 31.01.2013. This was due to rupee depreciation as rupee dollar-exchange rate on 01.02.2013 at Rs 53.32/US$ against Rs 53.29/US$ on previous trading day of 31.01.2013

 The table below gives details in this regard:

 

 

RCJ/RKS –Daily Crude oil price- 04.02.2013

 

Crude oil price increase: international and rupee prices rose due to both higher dollar oil rates and rupee depreciation. International crude oil price for the Indian Basket rose to US$ 112.50 per barrel on 1 February 2013, up from US$ 112.39 the previous trading day, and the rupee price increased to Rs 5,998.50 per barrel from Rs 5,989.26, reflecting both the dollar-denominated price rise and a modest depreciation of the rupee (from Rs 53.29/US$ to Rs 53.32/US$).