Global Crude oil price of Indian Basket was US$ 55.33 per bbl on 01.03.2017


Global Crude oil price of Indian Basket was US$ 55.33 per bbl on 01.03.2017

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$ 55.33 per barrel (bbl) on 01.03.2017. This was higher than the price of US$ 54.85 per bbl on previous publishing day of 28.02.2017.

In rupee terms, the price of Indian Basket increased to Rs. 3698.40 per bbl on 01.03.2017 as compared to Rs. 3660.78 per bbl on 28.02.2017. Rupee closed weaker at Rs. 66.85 per US$ on 01.03.2017 as compared to Rs. 66.74 per US$ on 28.02.2017. The table below gives details in this regard:

Particulars      Unit Price on March 01, 2017 (Previous trading day i.e. 28.02.2017) Pricing Fortnight for 01.03.2017

(Feb 14, 2017 to Feb 24, 2017)

Crude Oil (Indian Basket) ($/bbl)           55.33             (54.85)          54.93
(Rs/bbl           3698.40        (3660.78) 3677.56
Exchange Rate   (Rs/$)           66.85              (66.74)      66.95

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