Global Crude oil price of Indian Basket was US$ 36.35 per bbl on 31.03.2016

Global Crude oil price of Indian Basket was US$ 36.35 per bbl on 31.03.2016

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$ 36.35 per barrel (bbl) on 31.03.2016. This was lower than the price of US$ 36.89 per bbl on previous publishing day of 30.03.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2411.50 per bbl on 31.03.2016 as compared to Rs 2450.08 per bbl on 30.03.2016. Rupee closed stronger at Rs 66.33 per US$ on 31.03.2016 as against Rs 66.41 per US$ on 30.03.2016. The table below gives details in this regard:

Particulars      Unit Price on March 31, 2016 (Previous trading day i.e. 30.03.2016) Pricing Fortnight for 01.04.2016

(12 Mar to 29 Mar, 2016)

Crude Oil (Indian Basket) ($/bbl)                 36.35                 (36.89) 37.29
(Rs/bbl              2411.50            (2450.08) 2491.72
Exchange Rate (Rs/$)                 66.33                 (66.41) 66.82