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Global oil price: Indian Basket rises

Posted on Jan 23, 06:02PM | 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 109.49/barrel (bbl) on Jan 22.

This was higher than the price of USUSD 109.39/bbl prevailing on the previous trading day of Jan 21.

In rupee terms also, the crude oil price went down to Rs 5858.81/bbl on Jan 22 as compared to Rs 5892.84/bbl on Jan 21.

This was due to decrease in price in dollar terms.

Rupee dollar-exchange rate on Jan 22 was Rs 53.51/USUSD against Rs 53.87/USUSD on Jan 21.