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Global crude oil price of Indian Basket rises to $ 105.80/bbl

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The international crude oil price of the Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased to $ 105.80 per barrel (bbl) on 22.01.2014. 
 
This was higher than the price of $ 105.51 per bbl on previous trading day of 21.01.2014, an official press release said.
 
In rupee terms, too, the crude oil price of Indian Basket rose to Rs 6551.14 per bbl on 22.01.2014 as compared to Rs 6493.09 per bbl on 21.01.2014. 
 
This was due to price increase in dollar terms and also spurred on by rupee depreciation.  The rupee closed weaker at Rs 61.92 per US$ on 22.01.2014 against Rs 61.54 per US$ on 21.01.2014, the release added.
 
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