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Rupee depreciation raises crude oil price of Indian Basket

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 remained same at US$ 114.68/barrel (bbl) on 11.02.2013 as it. Prevailed on the previous trading day of 08.02.2013.

In rupee terms, however, the crude oil price of increased to Rs 6156.02 /bbl on 11.02.2013 as compared to Rs6143.41/bbl on 08.02.2013. This was due to rupee depreciation. Rupee dollar-exchange rate on 11.02.2013 at Rs 53.68/US$ against Rs 53.57/US$ on previous trading day of 08.02.2013.

The table below gives details in this regard:

Particulars

Unit

Price on 11 February, 2013

(previous trading day

i.e. 08.02.2013)

Last Fortnight January  16-31, 2013

(previous fortnight

i.e. Jan 1-15, 2013)

Crude Oil

(Indian Basket)

($/bbl)

114.68    (114.68)

109.95  (109.08)

(Rs/bbl

6156.02  (6143.41)

5926.31(5969.95)

Exchange Rate

(Rs/$)

53.68      (53.57)

53.90     (54.73)

 

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