Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
18-April-2012 11:41 IST
International Price of crude Oil - Indian Basket fall on 17.4.2012 to US$ 115.94/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 decreased declined on 17.4.2012 to US$ 115.94 per barrel (bbl) as compared to US$ 116.74 /bbl representing the price of 16.04.2012.


In rupee terms also, the crude oil price registered fall to Rs 5985.98 on 17.4.2012 against Rs  6030.79 per bbl on 16.04.2012. This was due to decline in crude oil price in dollar terms, though rupee-dollar exchange rate remained almost same will slight appreciation on 17.4.2012 at Rs 51.63 /US$ against Rs 51.66 /US$ on 16.04.2012.



 The table below gives details in this regard:





Price on 17 April, 2012 (previous trading day i.e. 16.4.2012)

Last Fortnight April 01-15-2012

(previous fortnigh)

Crude Oil (Indian Basket)


115.94       (116.74)

120.58     (123.19)


5985.98     (6030.79)

6174.90   (6253.12)    

Exchange Rate


51.63         (51.66)

51.21       (50.76)


RCJ/RKS –Daily Crude oil price- 18.04.2012