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 went up to USUSD 109.39/barrel (bbl) on Jan 21.
This was higher than the price of USUSD 108.92/bbl prevailing on the previous trading day of Jan 18.
In rupee terms also, the crude oil price went up to Rs 5892.84/bbl on Jan 21 as compared to Rs 5876.23/bbl on Jan 18.
This was due to increase in price in dollar terms. Rupee dollar-exchange rate on Jan 21 was Rs 53.87/USUSD against Rs 53.95/USUSD on Jan 18.