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Global crude oil price of Indian Basket declines

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas fell sharply to US$ 103.17/barrel (bbl) on 11.04.2013. This was lower than the price of US$ 104.02/bbl prevailing on the previous trading day of 10.04.2013.

In rupee terms also, the crude oil price went down to Rs 5625.86/bbl on 11.04.2013 as compared to Rs 5672.21/bbl on 10.04.2013. This was due to fall in price in dollar terms. Rupee dollar exchange rate on 11.04.2013 at Rs 54.53/US$ was same as prevalent on previous trading day of 10.04.2013.

The table below gives details in this regard:

Particulars

Unit

Price on April 11, 2013

(previous trading day

i.e. 10.04.2013)

Last Fortnight March 16-31, 2013

(previous fortnight  i.e. Mar 1-15, 2013)

Crude Oil

(Indian Basket)

($/bbl)

103.17      (104.02)

105.95     (106.86)

(Rs/bbl

5625.86    (5672.21)

5752.03   (5822.80)

Exchange Rate

(Rs/$)

54.53        (54.53)

54.29       (54.49)

 

Tags: Barrel (unit)BusinessEnergyEnergy Information AdministrationOil and GasOPECPetroleumWest Texas Intermediate

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