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:

Particulars

Unit

Price on 06 February, 2012 (previous trading day i.e. 3.2.2012)

Fortnight

Jan.16-31, 2012

(previous fortnight )

Crude Oil (Indian Basket)

($/bbl)

113.40 (110.97)

110. 04 (110.95)

(Rs/bbl)

5520.31 (5433.09)

5,532. 81 (5827.09)

Exchange Rate

(Rs/$)

48.68 (48.96)

50. 28 (52.52)

RCJ –Daily Crude oil price- 07-02-2012

(Release ID :80163)