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Oil price: Indian Basket falls marginally

Posted on Feb 21, 08:55PM | IBNS

New Delhi, Feb 21 : The international crude oil price of Indian Basket as computed/published on Friday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 113.50/barrel (bbl) on Feb 20.

This was lower than the price of US$ 113.65/bbl prevailing on the previous trading day of Feb 19.

In rupee terms, also, the crude oil price of declined to Rs 6134.68/bbl on Feb 20 as compared to Rs 6170.06/bbl on Feb 19.

This was due to rupee appreciation dollar terms.

Rupee dollar exchange rate on Feb 20 at Rs 54.05/US$ against Rs 54.29/US$ on previous trading day of Feb 19.