Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
04-September-2013 14:17 IST
Global crude oil price of Indian Basket increases to US$ 111.59/bbl on 03.09.2013


The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went up to US$ 111.59/per barrel (bbl) on 03.09.2013. This was higher than the price of US$ 110.73/bbl which prevailed on the previous trading day of 02.09.2013.  


In rupee terms also, the crude oil price increased to Rs 7464.26 per bbl on 3.09.2013 as compared to Rs 7292.68 /bbl on 02.9.2013. This was owing to price increase in dollar terms and also because of rupee depreciation. Rupee-dollar exchange rate on 03.09.2013 was Rs 66.89/US$ against Rs 65.86/US$ on previous trading day of 02.09.2013. 


The table below gives details in this regard:




Price on September 3, 2013

(previous trading day

i.e. 02.09.2013)

Last Fortnight August 16-31, 2013

(previous fortnight  i.e. August 1-15, 2013)

Crude Oil

(Indian Basket)



       111.59         (110.73)          


              110.09    (106.64)                


     7464.26       (7292.68)               

            7145.94  (6518.90)  

Exchange Rate


         66.89          ( 65.86)          

                64.91      (61.13)      


  RCJ/RKS –Daily Crude oil price- 04.09.2013