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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)

 

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About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

One response to “Global crude oil price of Indian Basket declines”

  1. Hello corporatelawreporter.com owner, Your posts are always well-supported by facts and figures.

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