Global Crude oil price of Indian Basket at USD 53.06 per bbl

The international crude oil price of Indian Basket as computed/published on Wednesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was USD 53.06 per barrel (bbl) on September 12.

This was higher than the price of USD 52.73 per bbl on previous publishing day of September 11.

In rupee terms, the price of Indian Basket increased to Rs 3392.90 per bbl on September 12 as compared to Rs 3368.39 per bbl on September 11.

The rupee closed weaker at Rs 63.95 per USD on September 12 as compared to Rs 63.89 per USD on September 11.

Oil prices were mixed on Wednesday, dampened by reports of rising US crude stockpiles but retaining some of the gains made in the previous session after OPEC said it expected higher demand for its crude next year.

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