Global crude oil price of Indian basket up
The international crude oil price for Indian Basket as computed/published on Wednesday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased to USUSD ./barrel (bbl) on Nov 12.
With this, price was higher by USUSD 01.54/bbl on Nov 12 as compared to USUSD 106.09/bbl on the previous trading day's figures of Nov 9.
In rupee terms also, crude oil price went up to Rs 5912.12 per bbl on Nov 12 as compared to Rs 5764.93 per bbl on Nov 9.
This was due to rise in price in dollar terms and rupee depreciation with rupee-dollar exchange rate on Nov 12 at Rs 54.93/USUSD against Rs 54.34/USUSD on Nov 9.