11 Apr 2012

International Price of Crude Oil - Indian Basket Declines on 10.4.2012 to US$ 119.90/BBL

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 on 10.4.2012 came down to US$ 119.90 per barrel (bbl), as compared to price published   yesterday representing prices of 05.04.2012 which was US$ 121.58/bbl.

In rupee terms also, the crude oil price declined to Rs 6138.88 on 10.4.2012 against Rs 6234.62  per bbl on 09.04.2012. This was due to fall in price in dollar terms as also rupee appreciation with rupee-dollar exchange rate on 10.4.2012 at Rs 51.20 /US$ against Rs 51.28  /US$ on 09.04.2012

The table below gives details in this regard:

Price on 10 April, 2012 (previous trading day i.e. 09.4.2012)
Last Fortnight
March 16-31, 2012
(previous fortnight )
Crude Oil (Indian Basket)
  119.90       (*121.58)                                                                                                                                                                                                                                                                                              
    123.19  (124.03)          
6138.88       (6234.62)                                                                                                                                                                                                                                                              
  6253.12 (6186.62)    
Exchange Rate
    51.20           (51.28)                                                                                                                                                                                                                                                              
      50.76    (49.88)                   

Crude (Indian Basket) is as of 05.04.2012

RCJ/RKS –Daily Crude oil price- 11.04.2012 

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