Is a reduction in Petrol prices ever possible in India?
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The international crude oil prices for Indian Basket as computed by
the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of
Petroleum and...
more... Natural Gas has reached to US$ 123.62 per barrel (bbl).
The price, published by PPAC on their website is based on last trading
day’s figures of 20.03.2012. The price previously computed/ published
on 20.03.2012 based on trading figures of 19.03.2012, was US$ 124.64
per bbl.
In rupee terms also, the crude oil price was lower today at Rs
6211.91 against Rs 6246.96 per bbl published on 20.03.2012, due
to lower crude oil price in dollar terms, despite rupee depreciation
with rupee/dollar exchange rate at Rs 50.25/US$ on 20.03.2012 against
Rs 50.12/US$ on 19.03.2012.