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Home News News and Press Release Month 10 2012 2012 (10) This

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Global crude oil price of Indian basket declines US$ 107.17/bbl on 24.10.2012

25-10-2012

Contents

Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

25-October-2012 12:15 IST

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 went down to US$ 107.17/barrel (bbl) on 24.10.2012. This was lower than US$ 108.50/bbl on the previous trading day’s figures of 22.10.2012.

In rupee terms also, the crude oil price fell to Rs 5743.24 per bbl on 24.10.2012 as compared to Rs 5823.20 per bbl on 22.10.2012. This decline was result fall in crude oil prices in dollar terms and also contributed by a marginal rupee appreciation with rupee-dollar exchange rate on 24.10.2012 at Rs 53.59/US$ against Rs 53.67/US$ on 22.10.2012.

The table below gives details in this regard:

Particulars	Unit	Price on 24 October, 2012 (previous trading day i.e. 22.10.2012)	Last Fortnight October 1-15,2012 (previous fortnight 16-30 September, 2012)
Crude Oil (Indian Basket)	($/bbl)	107.17 (108.50)	110.56 (109.91)
Crude Oil (Indian Basket)	(Rs/bbl	5743.24(5823.20)	5806.61 (5896.67)
Exchange Rate	(Rs/$)	53.59 (53.67)	52.52 (53.65)

RCJ/RKS –Daily Crude oil price- 25.10.2012

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