Global Crude oil price of Indian Basket was US$ 52.83 per bbl on 23.12.2016

Global Crude oil price of Indian Basket was US$ 52.83 per bbl on 23.12.2016

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 was US$ 52.83 per barrel (bbl) on 23.12.2016. This was higher than the price of US$ 52.74 per bbl on previous publishing day of 22.12.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3587.79 per bbl on 23.12.2016 as compared to Rs. 3581.83 per bbl on 22.12.2016. Rupee closed unchanged at Rs. 67.91 per US$ on 23.12.2016 as compared to Rs. 67.91 per US$ on 22.12.2016. The table below gives details in this regard:

Particulars      Unit Price on December 23, 2016 (Previous trading day i.e. 22.12.2016) Pricing Fortnight for 16.12.2016

(Nov 29, 2016 to Dec 13, 2016)

Crude Oil (Indian Basket) ($/bbl)          52.83              (52.74)            50.85
(Rs/bbl        3587.79       (3581.83) 3460.34
Exchange Rate (Rs/$)     67.91              (67.91)   68.05

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