On June 25, the international crude oil price of Indian basket rose to $99.96 per barrel (bbl) from $98.23 per bbl prevailing on the previous trading day of June 24.
The price is computed or published by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas.
The Indian Basket crude oil price had fallen to 98.23 per bbl on June 24 from $100.10 per bbl on June 21 (the earlier trading day).
On June 25, the crude oil price in rupee terms also recorded sharp increase reaching Rs 5,967.61/bbl as compared to Rs 5867.28 per bbl on June 24.
This was due to price increase in dollar terms though marginal rupee appreciation moderated a small part of the impact of price rise.
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