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 went down to US$ 108.63/barrel (bbl) on 11.01.2013. This was lower than the price of US$ 109.74//bbl prevailing on the previous trading day of 10.01.2013.

In rupee terms also, the crude oil price fell to Rs 5924.68/bbl on11.01.2013 from Rs5995.10/bbl on 10.01.2013. This was due to fall in price in dollar terms and rupee appreciation with rupee dollar-exchange rate on 11.01.2013 at Rs54.54/US$ against Rs 54.63/US$ on 10.01.2013.

The table below gives details in this regard:

Particulars

Unit

Price on 11 January, 2013

(previous trading day

i.e.10.01.2013)

Last Fortnight December 16-31, 2012

(previous fortnight

1-15, December 2012)

Crude Oil

(Indian Basket)

($/bbl)

108.63(109.74)

107.76(106.85)

5924.68(5995.10)

5912.79(5815.85)

54.54(54.63)

54.87 (54.43)

RCJ/RKS -Daily Crude oil price- 14.01.2013

distributed by