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Global crude oil price: Indian Basket declines

Posted on Feb 20, 07:41PM | IBNS

New Delhi, Feb 20 : The international crude oil price of Indian Basket as computed/published on Wednesday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 113.65/barrel (bbl) on Feb 19.

This was lower than the price of US$ 114.39/bbl prevailing on the previous trading day of Feb 18.

In rupee terms, also, the crude oil price of declined to Rs 6170.06/bbl on Feb 19 as compared to Rs 6,210.23/bbl on Feb 18.

This was due to fall in price in dollar terms.

Rupee dollar exchange rate on Feb 19 at Rs 54.29/US$ was same as prevalent on previous trading day of Feb 18.