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

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International Crude Oil Price of Indian Basket Declines to US$ 111.79/BBL on 17.10.2012

19-10-2012

Contents

Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

18-October-2012 15:59 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 decreased to US$ 111.79/barrel (bbl) on 17.10.2012. This was lower than US$ 112.45/bbl on the previous trading day’s figures 16.10.2012.

In rupee terms also, the crude oil price went down to Rs 5896.92 per bbl on 17.10.2012 as compared to Rs 5939.61 per bbl on 16.10.2012. This was due to fall in crude oil prices dollar terms and helped by rupee appreciation with rupee-dollar exchange rate on 17.10.2012 at Rs 52.75/US$ against Rs 52.82US$ on 15.10.2012.

The table below gives details in this regard:

Particulars	Unit	Price on 17 October,2012 (previous trading day i.e. 16.10.2012)	Last Fortnight October 1-15,2012 (previous fortnight 16-30 September, 2012)
Crude Oil (Indian Basket)	($/bbl)	111.79 (112.45)	110.56 (109.91)
Crude Oil (Indian Basket)	(Rs/bbl	5896.92 (5939.61)	5806.61 (5896.67)
Exchange Rate	(Rs/$)	52.75 (52.82)	52.52 (53.65)

RCJ/RKS –Daily Crude oil price- 18.10.2012

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