Global crude oil price: Indian basket rises

Source : IBNS
Last Updated: Mon, Nov 12, 2012 16:05 hrs

New Delhi, Nov 12 (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 increased to US$.106.09/barrel (bbl) on Nov 9.1

With this, price was higher by US$ 00.49/bbl on Nov 9 as compared to US$105.60/bbl on the previous trading day's figures of Nov 8.

In rupee terms also, crude oil price went up marginally to Rs 5764.93 per bbl on Nov 9 as compared to Rs 5748.86 bbl on Nov 8.

This was due to rise in price in dollar terms though rupee appreciation moderated the increase in price in rupee terms.

Rupee-dollar exchange rate on Nov 9 was Rs 54.34/US$ against Rs 54.44/US$ on Nov 8.

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