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Crude oil price of Indian Basket rises

Posted on Feb 26, 03:36PM | IBNS

New Delhi, Feb 26 : The international crude oil price of Indian Basket as computed/published on Tuesday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased to US$ 111.37/barrel (bbl) on Feb 25.

This was higher than the price of US$ 110.88/bbl prevailing on the previous trading day of Feb 22.

In rupee terms, however, the crude oil price declined to Rs 6018.43/bbl on Feb 25 as compared to Rs 6035.20/bbl on Feb 22.

This was due to price in rupee appreciation.

With rupee-dollar exchange rate on Feb 25 at Rs 54.04/US$ against Rs 54.43/US$ on previous trading day of Feb 22.