Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
12-July-2012 13:03 IST
International Crude oil Prices of Indian Basket Remains Steady on 11.07.2012 to US$ 97.46/BBL , Falls in Re Terms



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 was slightly higher at US$ 97.46/barrel (bbl) on 11.7.2012.The price was higher than US$ 97.42/bbl on the previous trading day of 10.7.2012.


In rupee terms, however, the crude oil price fell to Rs 5396.36 per bbl on 11.07.2012 from Rs 5437.01 per bbl on 10.07.2012. This was due to rupee appreciation with rupee-dollar exchange rate on 11.07.2012 at Rs  55.37/US$ against Rs  55.81/US$ on 10.07.2012.  


            The table below gives details in this regard:                                                                                                                                                                                               




Price on 11 July, 2012 (previous trading day

i.e. 10.7.2012)

Last Fortnight

June 16-30, 2012

(previous fortnight

June 1-15, 2012)

Crude Oil

(Indian Basket)


97.46      (97.42)

92.08          (97.24)


5396.36  (5437.01)

5201.60    (5407.52)

Exchange Rate


55.37      (55.81)

56.49         (55.61)



RCJ/RKS –Daily Crude oil price- 12.07.2012