Tuesday 1 May 2012

International Price of Crude Oil - Indian Basket Rises to US$ 115.57/BBL on 24.04.2012

25-April-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 for abarrel  slightly increased on 24.4.2012 to US$115.57 per barrel (bbl). The price was US$ 115.14 /bbl on previous trading day i.e. 23.04.2012.

In rupee terms also, the crude oil price increased to Rs 6100.94 on 24.4.2012 as compared Rs  6013.76 per bbl on 23.04.2012. This was due to increase in crude oil price in dollar terms and rupee depreciation with rupee-dollar exchange of Rs 52.79 /US$ on 24.4.2012 against Rs 52.23 /US$ on 23.04.2012.

            The table below gives details in this regard:

Price on 24 April, 2012(previous trading day i.e. 23.4.2012)
Last Fortnight
April 01-15, 2012
(previous fortnight March 16-31, 2012 )
Crude Oil (Indian Basket)
115.57     (115.14)
120.58     (123.19)
6100.94   (6013.76)
6174.90   (6253.12)
Exchange Rate
52.79       (52.23)
51.21       (50.76)

RCJ/RKS –Daily Crude oil price- 25.04.2012 

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