Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
05-July-2012 12:27 IST
International Crude Oil Prices of Indian Basket Moves up on 04.07.2012 to US$ 98.04/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 increased to US$ 98.04/barrel (bbl) on 04.7.2012.The price was higher than US$ 97.08 /bbl on the previous trading day of 3.7.2012.


In rupee terms also, the crude oil price increased to Rs 5348.08 per bbl on 04.07.2012 from Rs 5320.95 per bbl on 3.07.2012. This was due to price increase in dollar terms despite rupee appreciation with rupee-dollar exchange rate  on 04.07.2012 at Rs  54.55/US$ against Rs 54.81  /US$ on 3.07.2012.  


            The table below gives details in this regard:   




Price on 04 July, 2012 (previous trading day

i.e. 3.7.2012)

Last Fortnight

June 16-30, 2012

(previous fortnight

June 1-15, 2012)

Crude Oil

(Indian Basket)


98.04        (97.08)

92.08          (97.24)


5348.08    (5320.95)

5201.60    (5407.52)

Exchange Rate


54.55        (54.81)

56.49         (55.61)



RCJ/RKS –Daily Crude oil price- 05.07.2012