Crude Oil Price of Indian Basket for January 2014

8/13/2019 Crude Oil Price of Indian Basket for January 2014

1/22


2/22

The International Crude Oil Price of Indian Basket computed/published by Petroleum Planning and

Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas for January 2014.

DateCrude Oil Indian Basket Exchange

Rate (Rs/$)($/bbl) (Rs/bb)

30 Jan 2014 105.5 6618.02 62.73

29 Jan 2014 105.26 6547.17 62.20

28 Jan 2014 105.3 6632.85 62.99

27 Jan 2014 105.56 6619.67 62.71

24 Jan 2014 105.83 6580.15 62.18

23 Jan 2014 106.25 6586.44 61.99

22 Jan 2014 105.8 6551.14 61.92

21 Jan 2014 105.51 6493.09 61.54

20 Jan 2014 104.83 6460.67 61.63

17 Jan 2014 104.52 6412.3 61.35

16 Jan 2014 104.41 6424.35 61.53

15 Jan 2014 104.31 6424.45 61.59

14 Jan 2014 104.46 6426.38 61.52

10 Jan 2014 104.77 6489.45 61.94

09 Jan 2014 105.11 6535.74 62.18

07 Jan 2014 105.11 6556.76 62.38

06 Jan 2014 104.96 6542.16 62.33

03 Jan 2014 105.65 6593.62 62.41

02 Jan 2014 107.87 6677.15 61.90

01 Jan 2014 108.76 6735.51 61.93


3/22

Global crude oil price of Indian Basket rises to US$ 105.50 per bbl on 30.1.2014

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 went up to US$ 105.50per barrel (bbl)

on 30.01.2014. This was higher than the price of US$ 105.26 perbbl on previous trading day of 29.01.2014In rupee terms also price of Indian Basket resumed rising trend with price reaching Rs 6618.02 per bbl

on 30.01.2014 as compared to Rs 6547.17 per bbl on 29.01.2014. This was due to rise in price in dollar terms

and also because of rupee depreciation. Rupee closed weaker atRs62.73 per US$ on 30.01.2014 against Rs

62.20 per US$ on 29.01.2014.

The table below gives details in this regard:

Particulars Unit Price on January 30, 2014(Previous trading day

i.e.29.01.2014)

For Pricing

Fortnight 28.12.2014to

13.1.2014 (Effective

16.1.2014)

Crude Oil(IndianBasket)

($/bbl) 105.50 (105.26) 106.18

(Rs/bbl 6618.02 (6547.17) 6590.59

ExchangeRate

(Rs/$) 62.73 (62.20 ) 62.07

RCJ/Daily Crude oil price- 31.01.2014

(Release ID :102907)
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4/22

Global Crude Oil Price of Indian Basket Marginally Declines to US$ 105.26 per bbl on 29.1.2014, Stronger

Indian Currency Leads to Greater Fall in Rupee Terms


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 105.26per barrel

(bbl) on 29.01.2014. This was lower than the price of US$ 105.30perbbl on previous trading day of

28.01.2014

In rupee terms however the fall in oil price of Indian Basket was more pronounced closing at to Rs

6547.17 per bbl on 29.01.2014 as compared to Rs 6632.85 per bbl on 28.01.2014. This was mainly due to

rupee appreciation. Rupee closed stronger atRs62.20 per US$ on 29.01.2014 against Rs 62.99 per US$ on

28.01.2014.



i.e.

28.01.2014)

For Pricing

Fortnight 28.12.2014

to

13.1.2014(Effective16.1.2014)


($/bbl) 105.26 (105.30) 106.18

(Rs/bbl 6547.17 (6632.85) 6590.59

Exchange Rate (Rs/$) 62.20 (62.99) 62.07




5/22

Global Crude Oil Price of Indian Basket Marginally Declines to US$ 105.30 per bbl on 28.1.2014, Inches

Up in Rupee Terms on Account of Weaker Currency


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 105.30 per barrel(bbl) on 28.01.2014. This was lower than the price of US$ 105.56 05.83perbbl on previous trading day of

27.01.2014

In rupee terms, on the contrary also, the crude oil price of Indian Basket increased to Rs 6632.85 per bbl

on 28.01.2014 as compared to Rs 6619.67 per bbl on 27.01.2014. This was due to rupee depreciation which

completely wiped out the gains of fall in price in dollar terms. Rupee closed weaker atRs62.99 per US$ on

28.01.2014 against Rs 62.71 per US$ on 27.01.2014.


ParticularsUnit Price on January 28, 2014

(Previous trading dayi.e. 27.01.2014)

For Pricing

Fortnight

28.12.2014 to


16.1.2014)

Crude Oil

(Indian

Basket)

($/bbl) 105.30 (105.56) 106.18

(Rs/bbl 6632.85 (6619.67) 6590.59

Exchange

Rate

(Rs/$) 62.99 (62.71) 62.07



6/22

Global crude oil price of Indian Basket marginally declines to US$ 105.56 per bbl on 27.1.2014, weaker

rupee leads to rise in price in rupee terms


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 105.56per barrel(bbl) on 27.01.2014. This was lower than the price of US$ 105.83 perbbl on previous trading day of

24.01.2014

In rupee terms, on the contrary also, the crude oil price of Indian Basket increased to Rs 6619.67 per

bbl on 27.01.2014 as compared to Rs 6580.51 per bbl on 24.01.2014. This was due to rupee depreciation

which completely wiped out the gains of fall in price in dollar terms. Rupee closed weaker atRs62.71 per

US$ on 27.01.2014 against Rs 62.18 per US$ on 24.01.2014.


Particulars Unit

Price on January 27, 2014(Previous trading dayi.e.

24.01.2014)

For PricingFortnight 28.12.2014

to


16.1.2014)

Crude Oil(Indian

Basket)

($/bbl) 105.56 (105.83) 106.18

(Rs/bbl 6619.67 (6580.51) 6590.59

Exchange

Rate

(Rs/$) 62.71 (62.18) 62.07



7/22

Global Crude Oil Price of Indian Basket Declines to US$ 105.83 per bbl on 24.1.2014

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 went down to US$ 105.83 per

barrel (bbl) on 24.01.2014. This was lower than the price of US$ 106.25 per bbl on previous trading day of

23.01.2014

In rupee terms also, the crude oil price of Indian Basket decreased to Rs 6580.51 per bbl on 24.01.2014

as compared to Rs 6586.44 per bbl on 23.01.2014. This was due to price decrease in dollar terms and also

spurred on by rupee depreciation. Rupee closed weaker atRs62.18 per US$ on 24.01.2014 against Rs 61.99

per US$ on 23.01.2014.



i.e.

23.01.2014)

For Pricing


to

13.1.2014(Effective

16.1.2014)

Crude Oil(Indian

Basket)

($/bbl) 105.83 (106.25) 106.18

(Rs/bbl 6580.51 (6586.44) 6590.59

Exchange Rate (Rs/$) 62.18 (61.99) 62.07



8/22

Global Crude Oil Price of Indian Basket Increases to US$ 106.25 per bbl on 23.1.2014


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went up to US$ 106.25per barrel (bbl)

on 23.01.2014. This was higher than the price of US$ 105.80perbbl on previous trading day of 22.01.2014

In rupee terms also, the crude oil price of Indian Basket rose to Rs 6586.44 per bbl on 23.01.2014 as

compared to Rs 6551.14 per bbl on 22.01.2014. This was due to price increase in dollar terms and also spurred

on by rupee depreciation. Rupee closed weaker atRs61.99 per US$ on 22.01.2014 against Rs 61.92 per US$

on 21.01.2014.



i.e.

22.01.2014)

For Pricing


to

13.1.2014(Effective16.1.2014)


($/bbl) 106.25 (105.80) 106.18

(Rs/bbl 6586.44 (6551.14) 6590.59

Exchange Rate (Rs/$) 61.99 (61.92) 62.07



9/22

Global crude oil price of Indian Basket rises to US$ 105.80 per bbl on 22.1.2014


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased to US$ 105.80per barrel

(bbl) on 22.01.2014. This was higher than the price of US$ 105.51 perbbl on previous trading day of21.01.2014

In rupee terms also, 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. Rupee closed weaker atRs61.92 per US$ on 22.01.2014 against Rs 61.54 per US$

on 21.01.2014.


Particulars Unit Price on January 22, 2014(Previous trading dayi.e.

21.01.2014)

For Pricing


to


16.1.2014)


($/bbl) 105.80 (105.51) 106.18

(Rs/bbl 6551.14 (6493.09) 6590.59

ExchangeRate

(Rs/$) 61.92 (61.54) 62.07



10/22

Global crude oil price of Indian Basket rises further close at US$ 105.51 per bbl on 21.1.2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning andAnalysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas continued its rising trend with price

reaching US$ 105.51 per barrel (bbl) on 21.01.2014. This was higher than the price of US$ 104.83 per bbl on

previous trading day of 20.01.2014

In rupee terms also, the crude oil price of Indian Basket increased to Rs 6493.09 per bbl on 21.01.2014

as compared to Rs 6460.67 per bbl on 20.01.2014. This was due to price increase in dollar terms through

rupee appreciation reduced the impact in rupee terms. Rupee closed weaker atRs61.54 per US$ on




20.01.2014)

For Pricing


to


16.1.2014)


($/bbl) 105.51 (104.83) 106.18

(Rs/bbl 6493.09 (6460.67) 6590.59

ExchangeRate

(Rs/$) 61.54 (61.63) 62.07



11/22

Global crude oil price of Indian Basket increases further to US$ 104.83 per bbl on 20.1.2014


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased to US$ 104.83per barrel

(bbl) on 20.01.2014. This was higher than the price of US$ 104.52per bbl on previous trading day of17.01.2014

In rupee terms also, the crude oil price of Indian Basket increased to Rs 6460.67 per bbl on 20.01.2014

as compared to Rs 6412.30 per bbl on 17.01.2014. This was due to price increase in dollar terms and also

because of rupee depreciation. Rupee closed weaker atRs61.63 per US$ on 20.01.2014 against Rs 61.35 per

US$ on 17.01.2014.


Particulars Unit Price on January 20, 2014(Previous trading dayi.e.17.01.2014)

For Pricing

Fortnight

28.12.2014 to

13.1.2014(Effective

16.1.2014)


($/bbl) 104.83 (104.52) 106.18

(Rs/bbl 6460.67 (6412.30) 6590.59

Exchange Rate (Rs/$) 61.63 (61.35) 62.07




12/22

Global crude oil price of Indian Basket marginally increases to US$ 104.52 per bbl on 17.1.2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning andAnalysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas marginally increased to

US$ 104.52per barrel (bbl) on 17.01.2014. This was higher than the price of US$ 104.41per bbl on previous

trading day of 16.01.2014

In rupee terms however, the crude oil price of Indian Basket declined to Rs 6412.30 per bbl on

17.01.2014 as compared to Rs 6424.35 per bbl on 16.01.2014. This was due to Rupee appreciation which

neutralised the impact of price increase in dollar terms. Rupee closed stronger atRs61.35 per US$ on




16.01.2014)

For Pricing

Fortnight

28.12.2014 to

13.1.2014(Effective

16.1.2014)


($/bbl) 104.52 (104.41) 106.18

(Rs/bbl 6412.30 (6424.35) 6590.59

Exchange Rate (Rs/$) 61.35 (61.53) 62.07




13/22

Global crude oil price of Indian Basket increased to US$ 104.41 per barrel (bbl) on 16.01.2014.

Regarding international crude oil price of Indian Basket as computed/published today by PPAC, the price

marginally increased to US$ 104.41 per barrel (bbl) on 16.01.2014. This was higher than the price of

US$ 104.31 per bbl on previous trading day of 15.01.2014

In rupee terms, however, the crude oil price of Indian Basket remained almost unchanged at Rs

6424.35 per bbl on 16.01.2014 as compared to Rs 6424.45 per bbl on 15.01.2014. This was due to rupee

appreciation which negated the impact of price rise is dollar terms. Rupee closed stronger atRs61.53 per US$

on 16.01.2014 against Rs 61.59 per US$ on 15.01.2014.

The table below gives details in this regard

Particulars Unit Price on January 16, 2014

(previous trading day-15.1.2014)

For Pricing Fortnight December 28to 13,2014effective 16.1.2014

Crude Oil

(Indian

Basket)

($/bbl) 104.41 (104.31) 106.18

(Rs/bbl) 6424.35 (6424.45) 6590.59

Exchange

Rate

(Rs/$) 61.53 (61.59) 62.07

RCJUnder-recovery 17-1-2014


14/22

Global crude oil price of Indian Basket marginally declines to US$ 104.31 per bbl on 15.1.2014


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas marginally declined to US$ 104.31 per

barrel (bbl) on 15.01.2014. This was lower than the price of US$ 104.46 perbbl on previous trading day of14.01.2014

In rupee terms also, the crude oil price of Indian Basket marginally declined to Rs 6424.45 per bbl on

15.01.2014 as compared to Rs 6426.38 per bbl on 14.01.2014. This was due to fall in price in dollar terms and

also because of Rupee appreciation. Rupee closed stronger atRs61.59 per US$ on 15.01.2014 against Rs

61.52 per US$ on 14.01.2014.



i.e. 14.01.2014)

For Pricing Fortnight

12 to


1.1.2014)

Crude Oil

(Indian

Basket)

($/bbl) 104.31 (104.46) 108.46

(Rs/bbl 6424.45 (6426.38) 6726.69

Exchange

Rate

(Rs/$) 61.59 (61.52) 62.02




15/22

Global crude oil price of Indian Basket declines to US$ 104.46 per bbl on 14.1.2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning andAnalysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas fell to US$ 104.46 per barrel (bbl) on14.01.2014. This was lower than the price of US$ 104.93 per bbl on previous trading day of 13.01.2014

In rupee terms also, the crude oil price of Indian Basket declined to Rs 6426.38 per bbl on 14.01.2014 ascompared to Rs 6455.29 per bbl on 13.01.2014. This was due to fall in price in dollar terms and also because ofRupee appreciation. Rupee closed stronger atRs61.52 per US$ on 14.01.2014 against Rs 61.52 per US$ on13.01.2014.



For PricingFortnight 12 to

27.12.2013 (Effective 1.1.2014)

Crude Oil(Indian Basket)

($/bbl) 104.46 (104.93) 108.46

(Rs/bbl 6426.38 (6455.29) 6726.69

Exchange Rate (Rs/$) 61.52 (61.52) 62.02




16/22

Global crude oil price of Indian Basket declines to US$ 104.77 per bbl on 10.1.2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning andAnalysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas fell to US$ 104.77 per barrel (bbl) on10.01.2014. This was lower than the price of US$ 105.11 per bbl on previous trading day of 09.01.2014

In rupee terms also, the crude oil price of Indian Basket declined to Rs 6489.45 per bbl on 10.01.2014 ascompared to Rs 6535.74 per bbl on 09.01.2014. This was due to fall in price in dollar terms and also because ofRupee appreciation. Rupee closed stronger atRs61.94 per US$ on 10.01.2014 against Rs 62.18 per US$ on09.01.2014.


Particulars Unit Price on January 10,

2014(Previous trading day

i.e. 09.01.2014)

For Pricing Fortnight 12 to

27.12.2013 ( Effective 1.1.2014)

Crude Oil (Indian

Basket)

($/bbl) 104.77 (105.11) 108.46

(Rs/bbl 6489.45 (6535.74) 6726.69

Exchange Rate (Rs/$) 61.94 (62.18) 62.02




17/22

Global crude oil price of Indian Basket declines marginally to US$ 105.11 per bbl on 9.1.2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning andAnalysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down marginally to US$ 105.11

per barrel (bbl) on 09.01.2014. This was lower than the price of US$ 105.25 per bbl on previous trading day of08.01.2014

In rupee terms also, the crude oil price of Indian Basket declined to Rs 6535.74 per bbl on 09.01.2014as compared to Rs 6550.76 per bbl on 08.01.2014. This was due to fall in price in dollar terms and also because

of Rupee appreciation. Rupee closed stronger atRs62.18 per US$ on 09.01.2014 against Rs 62.24 per US$ on

08.01.2014.


Particulars Unit Price on January 09,2014(Previous trading day i.e.

08.01.2014)

For Pricing Fortnight 12 to

27.12.2013 ( Effective 1.1.2014)

Crude Oil (IndianBasket)

($/bbl) 105.11 (105.25) 108.46

(Rs/bbl 6535.74 (6550.76) 6726.69

Exchange Rate (Rs/$) 62.18 (62.24) 62.02




18/22

Global crude oil price of Indian Basket back to rising trend; closes at US$ 105.11/bbl on 7.1.2014

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning andAnalysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas resumed upward movement rising to

US$ 105.11/per barrel (bbl) on 07.01.2014. This was marginally higher than the price of US$ 104.96/bbl on

previous trading day of 06.01.2014

In rupee terms also, the crude oil price of Indian Basket followed suit and increased to Rs 6556.76 per bbl

on 07.01.2014 as compared to Rs 6542.16 /bbl on 06.01.2014. This was due to increase in price in dollar

terms and Rupee depreciation. Rupee closed slightly weaker atRs62.38/US$ on 07.01.2014 against Rs

62.33/US$ on 06.01.2014.


Particulars Unit Price on January 07,2014(Previous trading day

i.e. 06.01.2014)

For Pricing Fortnight 12.12.2013 to27.12.2013 ( Effective 1.1.2014)

Crude Oil (Indian

Basket)

($/bbl) 105.11 (104.96) 108.46

(Rs/bbl 6556.76 (6542.16) 6726.69

Exchange Rate (Rs/$) 62.38 (62.33) 62.02




19/22

Global crude oil price of Indian Basket declines to US$ 104.96/bbl on 6.1.2014


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 104.96/per barrel(bbl) on 06.01.2014. This was lower than the price of US$ 105.65/bbl on previous trading day of 03.01.2014

In rupee terms also, the crude oil price of Indian Basket continued to decline closing at Rs 6542.16 perbbl on 06.01.2014 as compared to Rs 6593.62 /bbl on 03.01.2014. This was due to decline in price in dollar

terms and Rupee appreciation. Rupee closed stronger atRs62.33/US$ on 06.01.2014 against Rs 62.41/US$ on

03.01.2014.


Particulars Unit Price on January 06,

2014(Previous trading day i.e.03.01.2014)

For Pricing Fortnight 12.12.2013

to 27.12.2013

( Effective 1.1.2014)

Crude Oil (IndianBasket)

($/bbl) 104.96 (105.65) 108.46

(Rs/bbl 6542.16 (6593.62) 6726.69

Exchange Rate (Rs/$) 62.33 (62.41) 62.02




20/22

Global crude oil price of Indian Basket decline to US$ 105.65/bbl on 3.1.2014


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas pull further to US$ 105.65/per barrel(bbl) on 03.01.2014. This was lower than the price of US$ 107.87bbl on previous trading day of 02.01.2014

In rupee terms also, the crude oil price of Indian Basket declined to Rs 6593.62 per bbl on 03.01.2014as compared to Rs 6677.15 /bbl on 02.01.2014. This was due to decline in price in dollar terms with Rupeedepreciation wiping out a part of the gains from fall price in dollar terms. Rupee closed

weaker atRs62.41/US$ on 03.01.2014 against Rs 61.90/US$ on 02.01.2014.



i.e.02.01.2014)

For Pricing

Fortnight12.12.2013 to

27.12.2013 (

Effective 1.1.2014)


($/bbl) 105.65 (107.87) 108.46

(Rs/bbl 6593.62 (6677.15) 6726.69

Exchange Rate (Rs/$) 62.41 (61.90) 62.02




21/22

Global crude oil price of Indian Basket decline to US$ 107.87/bbl on 2.1.2014


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went down to US$ 107.87/per barrel

(bbl) on 02.01.2014. This was lower than the price of US$ 108.76/bbl on previous trading day of 01.01.2014

In rupee terms, also the crude oil price of Indian Basket fell to Rs 6677.15 perbbl on 02.01.2014 ascompared to Rs 6735.51 /bbl on 01.01.2014. This was mainly due to fall in price in dollar terms. Rupee

closed atRs61.90/US$ on 02.01.2014 against Rs 61.93/US$ on 01.01.2014.



For PricingFortnight

12.12.2013 to

27.12.2013 (

Effective 1.1.2014)


($/bbl) 107.87 (108.76) 108.46

(Rs/bbl 6677.15 (6735.21) 6726.69

Exchange Rate (Rs/$) 61.90 (61.93) 62.02




22/22

Global crude oil price of Indian Basket remains unchanged at US$ 108.76/bbl on 01.01.2014


Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas remains nattered at US$ 108.76/per

barrel (bbl) on 01.01.2014. The as prevalent price on previous trading day of 31.12.2013.

In rupee terms, though, the crude oil of price Indian Basket went up a fraction to Rs 6735.51 per bbl on01.01.2014 as compared to Rs 6732.24 /bbl on 31.12.2013. This was due to slight rupee depreciation. Rupee

closed atRs61.93/US$ on 01.01.2014 against Rs 61.90/US$ on 31.12.2013.



For PricingFortnight

12.12.2013 to

27.12.2013 (

Effective 1.1.2014)


($/bbl) 108.76 (108.76) 108.46

(Rs/bbl 6735.51 (6732.24) 6726.69

Exchange Rate (Rs/$) 61.93 (61.90) 62.02



Crude Oil Price of Indian Basket for January 2014

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