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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
14-May-2012 12:42 IST
International Crude Oil Price of Indian Basket on 11.05.2012 Down to US$ 109.92/BBL
Almost No Change in Rupee Terms
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The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas declined to US$ 109.92/barrel (bbl) on 11.05.2012. This was lower than US$ 110.57//bbl prevailing on  the previous trading day’s figures   of 10.05.2012. 

   

In rupee terms, however, the crude oil price remained almost unchanged at Rs 5896.11 on 11.5.2012 as compared to Rs  5897.80 per bbl on 10.05.2012. This was due to rupee depreciation with rupee-dollar exchange rate on 11.5.2012 at Rs 53.64/US$ against Rs 53.34//US$ on 10.05.2012.  

 

            The table below gives details in this regard:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

 

Particulars

Unit

Price on 11 May, 2012 (previous trading day

 i.e. 10.5.2012)

Last Fortnight

April 16-30, 2012

(previous fortnight

 April 1-15, 2012 )

Crude Oil (Indian Basket)

($/bbl)

      109.92 (110.57  )                                                                               

      116.20   (120.58)           

(Rs/bbl)

  5896.11 (5897.80 )                

    6063.32 (6174.90)    

Exchange Rate

(Rs/$)

       53.64   (53.34 )    

        52.18     (51.21)                    

  

   

RCJ/RKS –Daily Crude oil price- 14.05.2012