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January 27th, 2012
International price of Crude oil…

The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas continues to be same at US Dollar 110.05 per barrel (bbl) as computed and published on 26.1.2012. This is based on figures available for last trading day of 24.1.2012.
In rupee terms, the price was also slightly lower at Rs.5490.20 as published on 26.1.2012 against Rs.5528.91 per bbl (published on 24.1.2012) due to marginally higher exchange rate of 50.02/Dollar US$ against Rs.50.24/US Dollar on 24.1.2012.