Global crude oil price of Indian Basket decreased to US$ 105.58 per bbl on 12.05.2014

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 went down to US$ 105.58 per barrel (bbl) on 12.05.2014. This was lower than the price of US$ 106.05 per bbl on previous publishing day of 09.05.2014.

In rupee terms, the price of Indian Basket decreased marginally to Rs 6306.29 per bbl on 12.05.2014 as compared to Rs 6368.30 per bbl on 09.05.2014.  Rupee closed stronger at Rs 59.73 per US$ on 12.05.2014 as against Rs 60.05 per US$ on 09.05.2014. 

The table below gives details in this regard:

Particulars	Unit	Price on May 12, 2014(Previous trading day i.e. 09.05.2014)	Pricing Fortnight for 01.05.2014 (April 11 to April 28 , 2014)
Crude Oil (Indian Basket)	($/bbl)	105.58              (106.05)	106.81
	(Rs/bbl	6306.29             (6368.30)	6466.28
Exchange Rate	(Rs/$)	59.73                (60.05)	60.54