The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased further to US$ 99.40/barrel (bbl) on 05.7.2012.The price was higher than US$ 98.04 /bbl on the previous trading day of 4.7.2012.
In rupee terms also, the crude oil price increased to Rs 5469.98 per bbl on 05.07.2012 from Rs 5348.08 per bbl on 4.07.2012. This was due to price increase in dollar terms rupee depreciation with rupee-dollar exchange rate on 05.07.2012 at Rs 55.03/US$ against Rs 54.55 /US$ on 4.07.2012.
The table below gives details in this regard:
Particulars | Unit | Price on 05 July, 2012(previous trading day i.e. 4.7.2012) | Last Fortnight June 16-30, 2012 (previous fortnight June 1-15, 2012) |
Crude Oil (Indian Basket) | ($/bbl) | 99.40 (98.04) | 92.08 (97.24) |
(Rs/bbl) | 5469.98 (5348.08) | 5201.60 (5407.52) | |
Exchange Rate | (Rs/$) | 55.03 (54.55) | 56.49 (55.61) |