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Posted on Nov 19, 05:00PM | IBNS
The international crude oil price for Indian Basket as computed/published on Monday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas sharply declined to 107.54 USUSD /barrel (bbl) on Nov 16.
With this, price was lower by USUSD 00.37/bbl on Nov 16 as compared to USUSD 107.91 /bbl on the previous trading day's figures of Nov 15.
In rupee terms also, crude oil price came down to Rs 5913.62 per bbl on Nov 16 as compared to Rs 5930.73 per bbl on Nov 15.
This was due to fall in price in dollar terms. Rupee dollar- exchange rate on Nov 16 was Rs 54.99/USUSD against Rs 54.96 USUSD on last trading day of Nov 15.