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 rose further to US$ 110.57/barrel (bbl) on 10.05.2012. This was higher than US$0 110.17//bbl prevailing on previous trading day i.e. 09.05.2012.
In rupee terms, also, the crude oil price increased marginally to Rs 5897.80 on 10.5.2012 as compared to Rs 5889.69 per bbl on 09.05.2012. This was due to increase in crude oil price in dollar terms while rupee appreciation moderated the price increase with rupee-dollar exchange rate 10.5.2012 at Rs 53.34/US$ against Rs 53.46//US$ on 09.05.2012.
The table below gives details in this regard:
|Particulars||Unit||Price on 10 May, 2012 (previous trading day i.e. 09.5.2012)||Last Fortnight
April 16-30, 2012
(previous fortnight April 1-15, 2012 )
|Crude Oil (Indian Basket)||($/bbl)||110.57 (110.17)||116.20 (120.58)|
|(Rs/bbl)||5897.80 (5889.69)||6063.32 (6174.90)|
|Exchange Rate||(Rs/$)||53.34 (53.46)||52.18 (51.21)|