Global Crude oil price of Indian Basket was US$ 35.42 per bbl on 15.03.2016

Global Crude oil price of Indian Basket was US$ 35.42 per bbl on 15.03.2016

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$ 35.42 per barrel (bbl) on 15.03.2016. This was lower than the price of US$ 36.47 per bbl on previous publishing day of 14.03.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2381.35 per bbl on 15.03.2016 as compared to Rs 2444.07 per bbl on 14.03.2016. Rupee closed weaker at Rs 67.23 per US$ on 15.03.2016 as against Rs 67.02 per US$ on 14.03.2016. The table below gives details in this regard:

Particulars      Unit Price on March 15, 2016 (Previous trading day i.e. 14.03.2016) Pricing Fortnight for16.03.2016

(26 Feb to 11 Mar, 2016)

Crude Oil (Indian Basket) ($/bbl)               35.42             (36.47) 34.82
(Rs/bbl           2381.35         (2444.07) 2356.62
Exchange Rate (Rs/$)               67.23             (67.02) 67.68