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Global crude oil price of Indian Basket falls

Posted on Dec 06, 07:10PM | IBNS

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 came down to USUSD 108.03/barrel (bbl) on Dec 5 as compared to USUSD 108.61/bbl on the previous trading day's figures of Dec 4. In rupee terms also, the crude oil price decreased to Rs 5895.20 per bbl on Dec 5 as compared to Rs 5968.12 per bbl on Dec 4.

This was due to fall in price in dollar terms and rupee appreciation as rupee dollar-exchange rate on Dec 5 was Rs 54.57/USUSD against Rs 54.95 per USUSD on previous trading day of Dec 4.