The international crude oil price of Indian Basket as computed/published on July 31 by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down marginally to $105.61/per barrel (bbl) on July 30. This was lower than the price of $ 105.90/bbl prevailing on the previous trading day of July 29.
In rupee terms however, the crude oil price increased to Rs 6,318.65/bbl on July 30 as compared to Rs 6,279.87/bbl on July 29. This was due to rupee depreciation with rupee dollar exchange rate on July 30 at Rs 59.83/$ against Rs 59.30/$ on previous trading day of July 29.
Leave a Reply
You must be logged in to post a comment.