Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
04-July-2012 12:43 IST
International Crude Oil Price of Indian Basket Increases by Over $2 ON 03.07.2012 to Rule US$ 97.08/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 went up to US$ 97.08/barrel (bbl) on 03.7.2012.The price was higher than US$ 94.86 /bbl on the previous trading day of 2.7.2012.


In rupee terms also, the crude oil price increased to Rs 5320.95 per bbl on 03.07.2012 from Rs 5296.03 per bbl on 2.07.2012. This was due to price increase in dollar terms despite rupee appreciation with rupee-dollar exchange rate  on 03.07.2012 at Rs  54.81/US$ against Rs 55.83  /US$ on 2.07.2012.  


            The table below gives details in this regard:




Price on 03 July, 2012 (previous trading day

i.e. 2.7.2012)

Last Fortnight

June 16-30, 2012

(previous fortnight

June 1-15, 2012)

Crude Oil

(Indian Basket)


97.08    (94.86)

92.08          (97.24)


5320.95 (5296.03)

5201.60    (5407.52)

Exchange Rate


54.81   (55.83)

56.49         (55.61)



RCJ/RKS –Daily Crude oil price- 04.07.2012