International Price of Crude Oil - Indian Basket Rules at $ 122.95 Per bbl on 06.3.2012

Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

07-March-2012 12:54 IST

The international crude oil prices for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was slightly lower at US$ 122.95 per barrel (bbl). The price, computed and published by PPAC on their website is based on last trading day’s figures of 06.03.2012. The price last computed/ published on 06.3.2012 based on trading figures of 5.3.2012, was US$ 123.16 per bbl.

In rupee terms however, the crude oil price was higher today at Rs 6151.19 against Rs 6133.37  per bbl published on 06.3.2012, due to rupee depreciation with rupee/dollar exchange rate at  Rs 50.03/US$ on 06.03.2012 against Rs 49.80/US$ on  05.3.2012.

The table below gives details in this regard:

 RCJ/RKS –Daily Crude oil price- 07-03-2012