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 declined to US$ 108.90/barrel
(bbl) on 16.05.2012. This was lower than US$ 109.53/bbl prevailing on the previous trading day’s figures of
15.05.2012.
In rupee terms, however, the crude oil price was as higher Rs
5912.18 on 16.5.2012 as compared to Rs
5897.10 per bbl on 15.05.2012. This was due to rupee depreciation with
rupee-dollar exchange rate on 16.5.2012 at Rs
54.29/US$ against Rs
53.84//US$ on 15.05.2012.
The
table below gives details in this regard:
|
Particulars
|
Unit
|
Price on 16
May, 2012 (previous trading day
i.e.
15.5.2012)
|
Last
Fortnight
May 01-15,
2012
(previous
fortnight
April 16-30,
2012 )
|
|
Crude Oil
(Indian Basket)
|
($/bbl)
|
108.90 (109.53)
|
111.15 (116.20 )
|
|
(Rs/bbl)
|
5912.18 (5897.10)
|
5957.89 (6063.32)
|
|
Exchange Rate
|
(Rs/$)
|
54.29 (53.84)
|
53.41 (52.18 )
|
RCJ/RKS –Daily Crude oil price-
17.05.2012