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Crude oil price of Indian Basket falls

Source : IBNS
Last Updated: Fri, Jun 21, 2013 17:11 hrs

New Delhi, June 21 (IBNS) The international crude oil price of Indian Basket as computed/published on Friday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas fell to US$ 101.82/per barrel (bbl) on June 20.

This was lower than the price of US$ 104.01/bbl prevailing on the previous trading day of June 19.

In rupee terms also, the crude oil price went down to Rs 6078.65/bbl on June 20 as compared to Rs6109.55/bbl on June 19.

This was due to fall in price in dollar terms though rupee depreciation wiped out a significant part of the gains.

Rupee-dollar exchange rate on June 20 was Rs 59.70/US$ against Rs 58.74/US$ on previous trading day of June 19.

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