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Global crude oil price: Indian Basket rises

Posted on Dec 19, 06:54PM | IBNS

The international crude oil price for Indian Basket as computed/published on Wednesday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went up to USUSD 107.18/barrel (bbl) on Dec 18.

This was higher than the price of USUSD 106.96/bbl on the previous trading day of Dec 17.

In rupee terms also, the crude oil price increased to Rs 5878.82/bbl on Dec 18 from Rs 5843.22/bbl on Dec 17.

This was due to price increase in dollar terms and rupee depreciation.

Rupee dollar-exchange rate on Dec 18 was Rs 54.85/USUSD against Rs 54.63/USUSD on previous trading day of Dec 17.