Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
29-August-2012 12:9 IST
International Crude Oil Price of Indian Basket Declines on 28.08.2012 to US$ 110.95/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 on 28.8.2012 to US$ 110.95 /barrel (bbl).  The price was higher at US$ 113.03/bbl on 24.08.2012, the last trading for which price of Indian Basket of crude oil was available.  


In rupee terms also, the crude oil price declined to Rs 6188.79 per bbl on 28.08.2012 as compared to Rs 6259.60 per bbl on 24.08.2012. This was due to price falling in dollar terms, though rupee depreciation moderated the gains with rupee-dollar exchange rate on 28.08.2012 at Rs 55.78 /US$ against Rs 55.38 /US$ on 24.08.2012.  


The table below gives details in this regard:




Price on 28 August, 2012 (previous trading day

i.e. 24.8.2012)

Last Fortnight

August 1-15, 2012

(previous fortnight

16-31 July, 2012)

Crude Oil

(Indian Basket)


      110.95       (113.03*)

       107.74   (102.65)           


    6188.79     (6259.60*)

     5981.72 (5703.23)    

Exchange Rate


        55.78         (55.38*)                                                                  

         55.52     (55.56)                    

* Indian Basket rate is for  24.08.2012


RCJ/RKS –Daily Crude oil price- 29.08.2012