Global crude oil price of Indian Basket declines sharply to 98.23/US$ bbl on 24.6.

2013

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas recorded major fall on 24.06.2013 closing at US$ 98.23/per barrel (bbl) on 24.06.2013. This was substantially lower than the price of US$ 100.10/bbl prevailing on the previous trading day of 21.06.2013.

In rupee terms also, the crude oil price continued downward trend reaching to Rs 5867.28/bbl on 24.06.2013 as compared to Rs 5940.94/bbl on 21.06.2013. This was due to fall in price in dollar terms though rupee depreciation eroded a part of gains. Rupee-dollar exchange rate on 24.06.2013 was Rs 59.73/US$ against Rs 59.35/US$ on previous trading day of 21.06.2013.

The table below gives details in this regard:

Particulars

Unit

Price on June 24, 2013 (previous trading day i.e. 21.06.2013)

Last Fortnight June 1-15, 2013(previous fortnight i.e. May 16-31, 2013)

Crude Oil (Indian Basket) Exchange Rate

($/bbl) (Rs/bbl (Rs/$)

98.23

(100.10 )

101.07 ( 101.07) 5805.46 (5618.48) 57.44 (55.59)

5867.28 (5940.94) 59.73 (59.35)

RCJ/RKS Daily Crude oil price- 25.06.2013