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Global crude oil price: Indian Basket up

Posted on Dec 20, 07:19PM | 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 went up to USUSD 107.83/barrel (bbl) on Dec 19.

This was higher than the price of USUSD 107.18/bbl on the previous trading day of Dec 18.

In rupee terms also, the crude oil price increased to Rs 5902.61/bbl on Dec 19 from Rs 5878.82/bbl on Dec 18.

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

Rupee dollar-exchange rate on Dec 19 was Rs 54.74/USUSD against Rs 54.85/USUSD on previous trading day of Dec 18.