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Global crude oil price: Indian Basket increases

Source : IBNS
Last Updated: Mon, Nov 26, 2012 17:33 hrs

New Delhi, Nov 26 (IBNS) The international crude oil price for Indian Basket as computed/published on Monday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas marginally rose to US$ 109.31/barrel (bbl) on Nov 23 as compared to US$ 109.17/bbl on the previous trading day's figures of Nov 22.

In rupee terms also, the crude oil price increased to Rs 6049.22 per bbl on Nov 23 as compared to Rs 6021.82 per bbl on Nov 22.

This was due to increase in crude oil price in dollar terms and rupee depreciation with rupee dollar-exchange rate on Nov 23 at Rs 55.34/US$ against Rs 55.16 per US$ on previous trading day of Nov 22.

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