Global crude oil price of Indian Basket rises
The international crude oil price for Indian Basket as computed/published on Tuesday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased sharply to 109.27 USUSD /barrel (bbl) on Nov 19 as compared to USUSD 107.54 /bbl on the previous trading day's figures of Nov 16.
In rupee terms, the crude oil price went past Rs 6000 per bbl mark to rule at Rs 6006.57 per bbl on Nov 19.
The price was Rs 5913.62 per bbl on Nov 16.
This was due to rise in price in dollar terms.
The rupee dollar- exchange rate on Nov 19 was Rs 54.97/USUSD against Rs 54.99 USUSD on last trading day of Nov 16.