Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
09-July-2012 12:31 IST
International Crude Oil Prices of Indian Basket
Declines on 06.07.2012 to US$ 97.98/BBL
Untitled Page

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 to US$ 97.98/barrel (bbl) on 06.7.2012.The price was lower than US$ 99.40 /bbl on the previous trading day of 5.7.2012.


In rupee terms also, the crude oil price fall to Rs 5430.05 per bbl on 06.07.2012 from Rs 5469.98 per bbl on 5.07.2012. This decline was marginal as rupee depreciation wiped out same of gains made from fall in price in dollar terms. The rupee-dollar exchange rate on 06.07.2012 was Rs  55.42/US$ against Rs 55.03/US$ on 5.07.2012.  


            The table below gives details in this regard:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              




Price on 06 July, 2012 (previous trading day

i.e. 5.7.2012)

Last Fortnight

June 16-30, 2012

(previous fortnight

June 1-15, 2012)

Crude Oil

(Indian Basket)


       97.98         (99.40)

         92.08          (97.24)           


     5430.05   (5469.98)

       5201.60    (5407.52)    

Exchange Rate


      55.42          (55.03)                           

          56.49         (55.61)                    



RCJ/RKS –Daily Crude oil price- 09.07.2012