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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 to US$ 108.50/bbl on 22.10.2012

23-10-2012

Contents

Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

23-October-2012 12:21 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 fell sharply to US$ 108.50/barrel (bbl) on 22.10.2012. This was lower than US$ 110.62/bbl on the previous trading day’s figures of 19.10.2012.

In rupee terms also, the crude oil price declined to Rs 5823.20 per bbl on 22.10.2012 as compared to Rs 5942.51 per bbl on 19.10.2012. This decline was result fall in crude oil prices in dollar terms and also contributed by the marginal of rupee appreciation with rupee-dollar exchange rate on 22.10.2012 at Rs 53.67/US$ against Rs 53.72/US$ on 19.10.2012,.

The table below gives details in this regard:

Particulars	Unit	Price on 22 October, 2012 (previous trading day i.e. 19.10.2012)	Last Fortnight October 1-15,2012 (previous fortnight 16-30 September, 2012)
Crude Oil (Indian Basket)	($/bbl)	108.50 (110.62)	110.56 (109.91)
Crude Oil (Indian Basket)	(Rs/bbl	5823.20 (5942.51)	5806.61 (5896.67)
Exchange Rate	(Rs/$)	53.67 (53.72)	52.52 (53.65)

RCJ/RKS –Daily Crude oil price- 23.10.2012

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