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Posted on Oct 03, 07:10PM | IBNS
The international crude oil price for Indian Basket as computed/published on Wednesday by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas decreased to USUSD 110.45/barrel (bbl) on Oct 2.
The price was slightly lower than USUSD 110.74 bbl on Sept 28, the last trading day.
In rupee terms also, the crude oil price decreased to Rs 5829.55 per bbl on Oct 2 from Rs 5836.00 per bbl on Sept 28.
This was due to price rupee depreciation with rupee-dollar exchange rate on Oct 2 at Rs 52.78 /USUSD against Rs 52.70/USUSD on Sept 28.