Global Crude oil price of Indian Basket was US$ 48.50 per bbl on 28.10.2016

Global Crude oil price of Indian Basket was US$ 48.50 per bbl on 28.10.2016

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$ 48.50 per barrel (bbl) on 28.10.2016. This was same as the price on previous publishing day of 27.10.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 3242.61 per bbl on 28.10.2016 as compared to Rs. 3244.05 per bbl on 27.10.2016. Rupee closed stronger at Rs. 66.86 per US$ on 28.10.2016 as against Rs. 66.89 per US$ on 26.10.2016. The table below gives details in this regard:

Particulars     Unit Price on October 28, 2016 (Previous trading day i.e. 27.10.2016)

Pricing Fortnight for 16.10.2016

(Sep 29, 2016 to Oct 12, 2016)

 

Crude Oil (Indian Basket) ($/bbl)                   48.50           (48.50)    48.69
(Rs/bbl                  3242.61     (3244.05) 3243.24
Exchange Rate   (Rs/$)                   66.86           (66.89)      66.61

 

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