Sophia Jenson on 02 12, 2012
The international crude oil prices for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was higher at US$ 113.40 per barrel (bbl). The price, computed and published by PPAC on their website is based on last trading day’s figures of 06.2.2012. The price computed/ published on 6.2.2012 based on trading figures of 3.2.2012 was US$ 110.97 per bbl.
In rupee terms also the crude oil price was higher today at Rs 5520.31 against Rs 5433.09 per bbl published on 6.2.2012 due to higher crude price in dollar terms, despite rupee appreciation recording an exchange rate of Rs 48.68/US$ against Rs 48.96/US$ published on 3.2.2012.
The table below gives details in this regard:
Price on 06 February, 2012 (previous trading day i.e. 3.2.2012)
(previous fortnight )
Crude Oil (Indian Basket)
110. 04 (110.95)
5,532. 81 (5827.09)
50. 28 (52.52)
RCJ –Daily Crude oil price- 07-02-2012
(Release ID :80163)