Global crude oil price of Indian Basket slips

Last Updated: Mon, Nov 19, 2012 18:48 hrs

New Delhi, Nov 19 (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 sharply declined to 107.54 US$/barrel (bbl) on Nov 16.

With this, price was lower by US$ 00.37/bbl on Nov 16 as compared to US$ 107.91 /bbl on the previous trading day's figures of Nov 15.

In rupee terms also, crude oil price came down to Rs 5913.62 per bbl on Nov 16 as compared to Rs 5930.73 per bbl on Nov 15.

This was due to fall in price in dollar terms. Rupee dollar- exchange rate on Nov 16 was Rs 54.99/US$ against Rs 54.96 US$ on last trading day of Nov 15.

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