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Global crude oil price: Indian Basket steady

Posted on Nov 23, 03:02PM | IBNS

The international crude oil price for Indian Basket as computed/published on Friday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas slightly rose to USUSD 109.17/barrel (bbl) on Nov 22 as compared to USUSD 109.11/bbl on the previous trading day's figures of Nov 21.

In rupee terms, though, the crude oil price declined marginally to Rs 6021.82 per bbl on Nov 22 as compared to Rs 6022.87 per bbl on Nov 21.

This was due to rupee appreciation as rupee dollar-exchange rate on Nov 22 was Rs 55.16/USUSD against Rs 55.20 per USUSD on previous trading day of Nov 21.