Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
27-August-2012 16:29 IST
International Crude Oil Price of Indian Basket Falls on 24.08.2012 to US$ 113.03/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 fell to US$ 113.03 /barrel (bbl) on 24.8.2012.The price was higher at  US$ 114.71 /bbl on the previous trading day of 23.8.2012.


In rupee terms also, the crude oil price declined to Rs 6259.60 per bbl on 24.08.2012 from Rs 6330.84 per bbl on 23.08.2012. This was due to price decrease in dollar terms though the gains were slightly moderated by  rupee depreciation with rupee-dollar exchange rate on 24.08.2012 at Rs 55.38 /US$ against Rs 55.19 /US$ on 23.08.2012. 


            The table below gives details in this regard:




Price on 24 August, 2012 (previous trading day

i.e. 23.8.2012)

Last Fortnight

August 1-15, 2012

(previous fortnight

16-31 July, 2012)

Crude Oil

(Indian Basket)


113.03            (114.71)

107.74   (102.65)


6259.60          (6330.84)

5981.72 (5703.23)

Exchange Rate


55.38              (55.19)

55.52     (55.56)


RCJ/RKS –Daily Crude oil price- 27.08.2012