Global Crude oil price of Indian Basket was US$ 52.83* per bbl on 27.12.2016

Global Crude oil price of Indian Basket was US$ 52.83* per bbl on 27.12.2016

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 27.12.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3592.28 per bbl on 27.12.2016 as compared to Rs. 3583.64 per bbl on 26.12.2016. Rupee closed weaker at Rs 68.00 per US$ on 27.12.2016 as against Rs 67.83 per US$ on 26.12.2016. The table below gives details in this regard:

Particulars      Unit Price on December 27, 2016 (Previous trading day i.e. 26.12.2016) Pricing Fortnight for 16.12.2016

(Nov 29, 2016 to Dec 13, 2016)

Crude Oil (Indian Basket) ($/bbl)   52.83*                        50.85
(Rs/bbl  3592.28               (3583.64)   3460.34
Exchange Rate (Rs/$)  68.00                   (67.83)   68.05

* Brent/ Oman & Dubai prices are not available due to holiday on 26.12.2016 & 27.12.2016, hence the price of Indian Basket Crude oil cannot be derived. Therefore, price of Indian basket as of 23.12.2016 has been considered.

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