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:
|
Particulars
|
Unit
|
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)
|
($/bbl)
|
110.95
(113.03*)
|
107.74 (102.65)
|
|
(Rs/bbl)
|
6188.79 (6259.60*)
|
5981.72 (5703.23)
|
|
Exchange Rate
|
(Rs/$)
|
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