Petrol price cut by Rs 3.05/litre, diesel hiked by Rs 0.50 effective midnight 30 September 2013
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas inched up to US$ 107.06/per barrel (bbl) on 27.09.2013. This was higher than the price US$ 106.88/bbl which prevailed on the previous trading day of 26.09.2013.
In rupee terms however, the crude oil price declined to Rs 6617.38 per bbl on 27.09.2013 as compared to Rs 6651.14 /bbl on 27.9.2013. This was due to rupee appreciation. Rupee-dollar exchange rate on 27.09.2013 was Rs 61.81/US$ against Rs 62.23/bbl on previous trading day of 26.09.2013.
Global Crude oil price of Indian Basket increases marginally to US$ 107.06/bbl on 27.09.2013; Falls in rupee terms as rupee closed stronger