According to data released by Petroleum Planning and Analysis Cell (PPAC), the international crude oil price for Indian Basket fell to 107.54 $ per barrel (bbl) on November 16, 2012.
This is $00.37 a bbl lower compared to $107.91 a bbl the previous trading session. In rupee terms also, crude oil price fell to Rs 5,913.62 a bbl on November 16, 2012 as compared to Rs 5,930.73 a bbl on November 15, 2012.
This was due to fall in price in dollar terms. Rupee dollar- exchange rate on November 16, 2012 was Rs 54.99 per dollar against Rs 54.96 per dollar November 15, 2012.
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