CRUDE oil price of Indian Basket jumps to Rs 104.52/US$ bbl on July 0;
Author(s): City Air NewsWeaker Rupee leads to higher price in rupee terms New Delhi, July 9, 2013: The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the...
cityairnews
Jul 9, 2013 12:30
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Weaker Rupee leads to higher price in rupee terms
New Delhi, July 9, 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 increased sharply to US$ 104.52/per barrel (bbl) on July 8 this year.
This was higher than the price of US$ 103.53/bbl prevailing on the previous trading day of July 5, 2013.
The crude oil price in rupee terms also recorded sharp increase reaching Rs 6380.95/bbl on July 8, 2013 as compared to Rs 6247.00/bbl on July 5, 2013. This was due to continued surge in price in dollar terms and further rupee depreciation. Rupee-dollar exchange rate on July 8, 2013 at Rs 61.05/US$ against Rs 60.34/US$ on previous trading day of July 5, 2013.
The table below gives details in this regard:
|
Particulars |
Unit |
Price on July 08, 2013 (previous trading day i.e.05.07.2013) |
Last Fortnight June 16-30, 2013(previous fortnight i.e. June 1-15, 2013) |
|
Crude Oil (Indian Basket) |
($/bbl) |
104.52 (103.53) |
101.24 (101.07) |
|
(Rs/bbl |
6380.95 (6247.00) |
6009.61 (5805.46) |
|
|
Exchange Rate |
(Rs/$) |
61.05 (60.34) |
59.36 (57.44 ) |
