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Global crude oil price of Indian Basket declines to 101.99/US$ bbl on 09.5.2013

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 to US$ 101.99/barrel (bbl) on 9.05.2013. This was lower than the price of US$ 102.38/bbl prevailing on the previous trading day of 08.05.2013.

In rupee terms also, the crude oil price declined to Rs 5531.94 per bbl on 09.05.2013 as compared to Rs 5544.90 /bbl on 08.05.2013. This was due to fall in price in dollar terms though rupee depreciation eroded a part of the  gains. Rupee dollar exchange rate on 09.05.2013 was Rs 54.24/US$ against Rs 54.16/US$ on previous trading day of 08.05.2013.

The table below gives details in this regard

Particulars Unit Price on May 9, 2013

(previous trading day

i.e. 08.05.2013)

Last Fortnight April 16-30, 2013

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

Crude Oil

(Indian Basket)

($/bbl) 101.99  (102.38) 99.38        (104.00)
(Rs/bbl 5531.94(5544.90) 5385.40      (5674.24)
Exchange Rate (Rs/$) 54.24    (54.16) 54.19          (54.56)

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Tags: Barrel (unit)BusinessEnergyExchange rateMinistry of Petroleum and Natural Gas (India)Oil and GasPetroleumTrading day

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