This was lower than the price of US$ 111.28/bbl prevailing on the previous trading day of Feb 21. In rupee terms, also, the crude oil price of declined to Rs 6035.20/bbl on Feb 22 as compared to Rs 6062.53/bbl on Feb 21. This was mainly due to fall in price in dollar terms as also assisted by moderate rupee appreciation. Rupee-dollar exchange rate on Feb 22 was Rs 54.43/US$ against Rs 54.48/US$ on previous trading day of Feb 21.

Source