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Ministry of Petroleum & Natural Gas21-February, 2012 16:53 IST

  • International Price of Crude Oil - Indian Basket Registers Increase on 20.2.2012
  • The international crude oil prices for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas has inched up to rule high at US$ 119.55 per barrel (bbl). The price, computed and published by PPAC on their website is based on last trading day’s figures of 20.2.2012. The price last computed/ published on 17.2.2012 based on trading figures of 16.2.2012, was  US$ 118.31 per bbl.
  • In rupee terms, the crude oil price was also higher today at Rs 5883.06 against Rs 5826.77 per bbl published on 17.2.2012 due to  increase in crude oil price in dollar terms, though rupee recorded a slight appreciation with   rupee/dollar exchange rate of Rs 49.21/US$ on 20.02.2012 against Rs 49.25/US$ on 16.2.2012(the last published by PPAC).
  • The table below gives details in this regard:

Particulars

Unit

Price on 20 February, 2012 (previous trading day i.e. 16.2.2012)

Fortnight Feb.1-15, 2012 (previous fortnight )

Crude Oil (Indian Basket)

($/bbl)

 119.55           (118.31)                                                                                 

114.64(110. 04)          

(Rs/bbl)

 5883.06        (5826.77)        

5639.14 (5,532. 81)    

Exchange Rate

(Rs/$)

 49.21*              (49.25) 

49.19     (50. 28)

* Exchange rate is as of 17.02.2012

  •  RCJ/RKS –Daily Crude oil price- 21-02-2012

Source