Global crude oil price of Indian basket up

Last Updated: Wed, Nov 14, 2012 22:52 hrs

New Delhi, Nov 14 (IBNS) The international crude oil price for Indian Basket as computed/published on Wednesday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased to US$./barrel (bbl) on Nov 12.

With this, price was higher by US$ 01.54/bbl on Nov 12 as compared to US$106.09/bbl on the previous trading day's figures of Nov 9.

In rupee terms also, crude oil price went up to Rs 5912.12 per bbl on Nov 12 as compared to Rs 5764.93 per bbl on Nov 9.

This was due to rise in price in dollar terms and rupee depreciation with rupee-dollar exchange rate on Nov 12 at Rs 54.93/US$ against Rs 54.34/US$ on Nov 9.

More from Sify: