Global Crude oil price of Indian Basket was US$ 52.35 per bbl on 16.12.2016

Global Crude oil price of Indian Basket was US$ 52.35 per bbl on 16.12.2016

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$ 52.35 per barrel (bbl) on 16.12.2016 . This was higher than the price of US$ 52.04 per bbl on previous publishing day of 15.12.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3548.13 per bbl on 16-12-2016 as compared to Rs. 3528.00 per bbl on 15.12.2016. Rupee closed stronger at Rs 67.78 per US$ on 16.12.2016 as against Rs 67.80 per US$ on 15.12.2016. The table below gives details in this regard:

Particulars      Unit Price on December 16, 2016 (Previous trading day i.e. 15.12.2016) Pricing Fortnight for 16.12.2016

(Nov 29, 2016 to Dec 13, 2016)

 

Crude Oil (Indian Basket) ($/bbl)         52.35           (52.04) 50.85
(Rs/bbl         3548.13       (3528.00) 3460.34
Exchange Rate (Rs/$)         67.78           (67.80) 68.05

 

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