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Global crude oil price of Indian Basket rises

Posted on Jan 24, 10:53PM | 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 rose to USUSD 109.96/barrel (bbl) on Jan 23.

This was higher than the price of USUSD 109.49/bbl prevailing on the previous trading day of Jan 22.

In rupee terms also, the crude oil price increased to Rs 5912.55/bbl on Jan 23 as compared to Rs 5858.81/bbl on Jan 22.

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

Rupee dollar-exchange rate on Jan 22 was Rs 53.77/USUSD against Rs 53.51/USUSD on previous trading day of Jan 22.