Crude oil price of Indian Basket retreats
The international crude oil price for Indian Basket as computed/published on Thursday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas declined to 106.75USUSD /barrel (bbl) on Nov 14.
With this, price was lower by USUSD 00.88/bbl on Nov 14 as compared to USUSD 107.63/bbl on the previous trading day's figures of Nov 12.
In rupee terms also, crude oil price went down to Rs 5863.78 per bbl on Nov 14 as compared to Rs 5912.12 per bbl on Nov 12.
This was due to fall in price in dollar terms.
Rupee-dollar exchange rate on Nov 14 at Rs 54.93/USUSD was same as prevalent on previous trading day of Nov 12.