International Crude Oil Prices of Indian Basket Increases on 18.07.2012 to US$ 102.72/BBL
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 further rose to US$ 102.72/barrel (bbl) on 18.7.2012.The price was higher than US$ 102.02/bbl on the previous trading day of 17.7.2012.
In rupee terms also, the crude oil price increased to Rs 5684.52 per bbl on 18.07.2012 from Rs 5626.40 per bbl on 17.07.2012. This was due to increase in crude oil price in dollar terms and rupee depreciation with rupee-dollar exchange rate on 18.07.2012 at Rs 55.34 /US$ against Rs 55.15/US$ on 17.07.2012.
The table below gives details in this regard:
Particulars | Unit | Price on 18 July, 2012(previous trading day i.e. 17.7.2012) | Last Fortnight July 1-15, 2012 (previous fortnight June 16-30, 2012) |
Crude Oil (Indian Basket) | ($/bbl) | 102.72 (102.02) | 97.78 (92.08) |
(Rs/bbl) | 5684.52 (5626.40) | 5418.97 (5201.60) | |
Exchange Rate | (Rs/$) | 55.34 (55.15) | 55.42 (56.49) |