International Crude Oil Prices of Indian Basket Resumes Rising Trend, Increases to US$ 110.17/BBL on 09.05.2012
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 slightly bounced back to resume rising trend on 09.05.2012 with crude oil price of
US$ 110.17/baral (bbl). This was higher than US$ 109.63//bbl prevailing on previous trading day i.e. 08.05.2012.
In rupee terms, also, the crude oil price increased to Rs 5889.69 on 09.5.2012 as compared to Rs 5795.04 per bbl on 08.05.2012. This was due to increase in crude oil price in dollar terms and rupee depreciation with rupee-dollar exchange rate, on 9.5.2012 at Rs 53.46/US$ against Rs 52.86//US$ on 08.05.2012.
The table below gives details in this regard:
Particulars | Unit | Price on 09 May, 2012 (previous trading day i.e. 08.5.2012) | Last Fortnight April 16-30, 2012 (previous fortnight April 1-15, 2012 ) |
Crude Oil (Indian Basket) | ($/bbl) | 110.17 (109.63) | 116.20 (120.58) |
(Rs/bbl) | 5889.69 (5795.04) | 6063.32 (6174.90) | |
Exchange Rate | (Rs/$) | 53.46 (52.86 ) | 52.18 (51.21) |
RCJ/RKS –Daily Crude oil price- 10.05.2012
