Global Crude oil price of Indian Basket was US$ 51.82 per bbl on 04.04.2017


Global Crude oil price of Indian Basket was US$ 51.82 per bbl on 04.04.2017

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$ 51.82 per barrel (bbl) on 04.04.2017. This was lower than the price of US$ 51.96 per bbl on previous publishing day of 03.04.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 3363.65 per bbl on 04.04.2017 as compared to Rs. 3373.06 per bbl on 03.04.2017. Rupee closed at Rs. 64.91* per US$ on 04.04.2017. The table below gives details in this regard:

Particulars      Unit Price on April 04, 2017 (Previous trading day i.e. 03.04.2017) Pricing Fortnight for 01.04.2017

(March 13, 2017 to March 29, 2017)

Crude Oil (Indian Basket) ($/bbl)      51.82             (51.96)                50.06
(Rs/bbl      3363.65        (3373.06)                  3275.43
Exchange Rate   (Rs/$)                 64.91* 65.43

* RBI reference rate for 04.04.2017 is not available. Therefore reference rate of 03.04.2017 has been considered.

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