International crude oil price of Indian Basket increases sharply to 101.46/US$ bbl on 16.5.

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 surged to US$ 101.46/barrel (bbl) on 16.05.2013. This was higher than the price of US$ 100.06/bbl prevailing on the previous trading day of 15.05.2013.

The crude oil price in rupee terms also went up to rule at Rs 5556.96 per bbl on 16.05.2013 as compared to Rs 5481.29 /bbl on 15.05.2013. This was due to price increase in dollar terms. Rupee dollar exchange rate on 16.05.2013 at Rs 54.77/US$ against Rs 54.78/US$ on previous trading day of 15.05.2013. The table below gives details in this regard: Particulars Unit Price on May 16, 2013 (previous trading day i.e. 15.05.2013) Crude Oil (Indian Basket) Exchange Rate ($/bbl) (Rs/bbl (Rs/$) 101.46 5556.96 54.77 (100.06) (5481.29) (54.78) Last Fortnight May 1-15, 2013(previous fortnight i.e. April 16-30, 2013) 101.21 (99.38) 5497.73 (5385.40) 54.32 (54.19)

Daily Crude oil price- 17.05.2013