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Last Updated : 22 February 2012 at 17:15 IST

Source :PIB

India crude oil import prices decline marginally

Read more : crude oil,energy

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NEW DELHI (Commodity Online): Crude oil import prices have marginally declined due to fall in the price of the commodity in dollar terms and appreciation of the ruppe, according to Petroleum Planning and Anbalysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas.

The international crude oil prices for Indian basket has fallen to 119.36 a barrel as aginst US $119.55 per barrel the previous trading day.

In rupee terms also, the crude oil price was lower today at Rs 5858.19 against Rs 5883.06 per bbl published on 21.2.2012 due to decline in crude oil price in dollar terms, and rupee appreciation with rupee/dollar exchange rate of Rs49.08 /US$ on 21.02.2012 against Rs 49.21 /US$ on 20.2.2012.