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Crude oil prices for Indian basket decreases

Posted on Sep 21, 10:15AM | IBNS

The Ministry of Petroleum and Natural Gas Thursday said that the international crude oil price for Indian basket decreased to USD 110.06/barrel (bbl) on Sept 19, 2012.

As computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry the price was lower than USD 112.26/bbl on Sept 18, 2012, the last trading day.

In rupee terms also, the crude oil price decreased to Rs 5971.86 per bbl on Sept 19, 2012 from Rs 6091.23 per bbl on Sept 18, 2012.

The rupee-dollar exchange rate on Sept 19, 2012 was at Rs 54.26/USD against Rs 54.26/USD on Sept 18, 2012.