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$ 54.41* per barrel (bbl) on 02.01.2017.
In rupee terms, the price of Indian Basket increased to Rs. 3701.40 per bbl on 02.01.2017 as compared to Rs. 3697.71 per bbl on 30.12.2016. Rupee closed weaker at Rs 68.02 per US$ on 02.01.2017 as against Rs 67.95 per US$ on 30.12.2016. The table below gives details in this regard:
|Particulars||Unit||Price on January 02, 2017 (Previous trading day i.e. 30.12.2016)||Pricing Fortnight for 01.01.2017
(Dec 14, 2016 to Dec 28, 2016)
|Crude Oil (Indian Basket)||($/bbl)||54.41*||53.05|
|Exchange Rate||(Rs/$)||68.02 (67.95)||67.86|
* Since Brent, Oman & Dubai prices are not available due to holiday on 02.01.2017, the price of Indian Basket Crude Oil cannot be derived. Therefore, price of Indian Basket as of 30.12.2016 has been considered.