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Posted on Oct 06, 02:19PM | IBNS
The international crude oil price for Indian Basket as computed/published by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas decreased to USUSD 107.76/barrel (bbl) on Oct 4.
The price was slightly lower than USUSD 108.59 bbl on Oct 3, the last trading day.
In rupee terms also, the crude oil price decreased to Rs 5601.36 per bbl on Oct 4 from Rs 5682.51 per bbl on Oct 3.
This was due to price rupee appreciation with rupee-dollar exchange rate on Oct 4 at Rs 51.98 /USUSD against Rs 52.33/USUSD on Oct 3.