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 International Crude Oil Prices of Indian Basket Increases on 18.07.2012 to US$ 102.72/BBL | Invest in India

International Crude Oil Prices of Indian Basket Increases on 18.07.2012 to US$ 102.72/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 further rose to US$ 102.72/barrel (bbl) on 18.7.2012.The price was higher than US$ 102.02/bbl on the previous trading day of 17.7.2012.

In rupee terms also, the crude oil price increased to Rs 5684.52 per bbl on 18.07.2012 from Rs 5626.40 per bbl on 17.07.2012. This was due to increase in crude oil price in dollar terms and  rupee depreciation with rupee-dollar exchange rate on 18.07.2012 at Rs 55.34  /US$ against Rs  55.15/US$ on 17.07.2012.  

20 July 2012

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