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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
11-May-2012 16:36 IST
International Crude Oil Prices of Indian Basket Rises Further to US$ 110.57/BBL on 10.05.2012
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 rose further to US$ 110

 

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 rose further to US$ 110.57/barrel (bbl) on 10.05.2012. This was higher than US$0 110.17//bbl prevailing on previous trading day i.e. 09.05.2012.  

 

In rupee terms, also, the crude oil price increased marginally to Rs 5897.80 on 10.5.2012 as compared to Rs  5889.69 per bbl on 09.05.2012. This was due to increase  in crude oil price in dollar terms while rupee appreciation moderated the price increase with rupee-dollar exchange rate  10.5.2012 at Rs 53.34/US$ against Rs 53.46//US$ on 09.05.2012.

 

          The table below gives details in this regard:

 

Particulars

Unit

Price on 10 May, 2012 (previous trading day i.e. 09.5.2012)

Last Fortnight

April 16-30, 2012

(previous fortnight April 1-15, 2012 )

Crude Oil (Indian Basket)

($/bbl)

110.57    (110.17)

116.20   (120.58)

(Rs/bbl)

5897.80  (5889.69)

  6063.32 (6174.90)

Exchange Rate

(Rs/$)

53.34     (53.46)  

   52.18     (51.21)

         

 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

 

RCJ/RKS –Daily Crude oil price- 11.05.2012