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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
18-September-2013 12:19 IST
Global Crude oil price of Indian Basket declines to US$ 108.64/bbl on 17.09.2013

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 down to US$ 108.64/per barrel (bbl) on 17.09.2013. This was US$ 110.08/bbl on the previous trading day of 16.09.2013. 

In rupee terms however, the crude oil price increased to Rs 6885.60 per bbl on 17.09.2013 as compared to Rs 6877.80 /bbl on 16.9.2013. This was due to rupee depreciation which completely wiped the gains of fall in price in dollar terms. Rupee dollar exchange rate on 17.09.2013 at Rs  63.38/US$ against Rs 62.48/bbl on previous trading day of 16.09.2013. 

 

The table below gives details in this regard:

Particulars

Unit

Price on September 17, 2013 (previous trading day i.e. 16.09.2013)

Last Fortnight August 1-15,2013(previous fortnight  i.e. August 16-31, 2013)

Crude Oil (Indian Basket)

($/bbl)

       108.64         (110.08)         

  111.30                 (110.09)               

(Rs/bbl

     6885.60       (6877.80)              

7263.44               (7145.94) 

Exchange Rate

  (Rs/$)

         63.38          ( 62.48)          

    65.26                  (64.91)     

 

  RCJ/RKS –Daily Crude oil price- 18.09.2013