Global Crude oil price of Indian Basket was US$ 54.57 per bbl on 05.01.2017

Global Crude oil price of Indian Basket was US$ 54.57 per bbl on 05.01.2017

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$ 54.57 per barrel (bbl) on 05.01.2017. This was higher than the price of US$ 54.30 per bbl on previous publishing day of 04.01.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 3699.32 per bbl on 05.01.2017 as compared to Rs. 3702.29 per bbl on 04.01.2017. Rupee closed stronger at Rs. 67.79 per US$ on 05.01.2017 as compared to Rs. 68.18 per US$ on 04.01.2017. The table below gives details in this regard:

 

Particulars      Unit Price on January 05, 2017 (Previous trading day i.e. 04.01.2017) Pricing Fortnight for 01.01.2017

(Dec 14, 2016 to Dec 28, 2016)

Crude Oil (Indian Basket) ($/bbl)                   54.57              (54.30) 53.05
(Rs/bbl                  3699.32       (3702.29) 3599.97
Exchange Rate (Rs/$)                   67.79              (68.18)    67.86

 

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