Saturday, February 15, 2014

Global crude oil price of Indian Basket remains steady at US$ 106.31 per bbl on 12.2.2014, falls in rupee terms on stronger currency

  • 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 was steady of  US$ 106.31 per barrel (bbl)on 12.02.2014. 
  • This was though a fraction higher than the price of US$106.29 per bbl on previous trading day of 11.02.2014.
  • In rupee terms however, the price of Indian Basket declined to Rs 6605.04 per bbl on 12.02.2014 as compared to Rs 6636.75 per bbl on 11.02.2014. 
  • This was due to rupee appreciation   Rupee closed stronger at Rs 62.13 per US$ on 12.02.2014 against Rs 62.44 per US$ on 11.02.2014. 
The table below gives details in this regard:
Particulars    
Unit
Price on February 12, 2014(Previous trading day i.e. 11.02.2014)                                                                  
 For Pricing Fortnight January 14 to 29, 2014 (Effective 1.2.2014)
Crude Oil (Indian Basket)
($/bbl)
      106.31         (106.29)
  105.17
(Rs/bbl
        6605.04       (6636.75)
6517.38
Exchange Rate
  (Rs/$)
        62.13          (62.44)         
    61.97

  RCJ/Daily Crude oil price- 13.02.2014      

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