Crude Falls but Rupee Value Steady
The international crude oil
price for Indian Basket as computed/published on 25 June by the Petroleum
Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural
Gas declined to US$ 89.19 /barrel (bbl) on
22.6.2012.The price was lower than US$ 90.18 /bbl on
the previous trading day of 21.6.2012.
In rupee terms also, the
crude oil price recorded a marginal fall to Rs 5082.94 per bbl on
22.06.2012 from Rs 5087.96 per bbl on
21.06.2012. This was due to decrease in the price in dollar terms as rupee
depreciation moderated the gains with rupee-dollar exchange rate on 22.06.2012
at Rs 56.99 /US$ against Rs 56.42/US$ on 21.06.2012.
The table below gives
details in this regard:
|
Particulars |
Unit |
Price on 22 June, 2012 (previous trading
day i.e.21.6.2012) |
Last Fortnight June 1-16, 2012 (previous
fortnight May 16-31, 2012) |
|
Crude Oil (Indian Basket) |
($/bbl) |
89.19 (90.18) |
97.24 (105.57) |
|
(Rs /bbl) |
|||
[Source:
Ministry of Petroleum &
Natural Gas, PIB Press Release dated 25.06.2012]
