The international crude oil price for Indian
Basket as computed/published today by the Petroleum Planning and Analysis Cell
(PPAC) under the Ministry of Petroleum and Natural Gas increased to US$
113.97/barrel (bbl) on 04.9.2012. The
price was higher than US$ 113.09/bbl on
3.09.2012, the last trading day.In rupee terms also, the crude oil price
rose to Rs
6329.89 per bbl on 04.09.2012 as compared to Rs
6270.84 per bbl on 03.09.2012. This was due to rise in price in dollar terms and
rupee depreciation with rupee-dollar
exchange rate on 04.09.2012 at Rs
55.54/US$ against Rs
55.45/US$ on 03.09.2012.
