Global Crude oil price of Indian Basket was US$ 36.47 per bbl on 14.03.2016

Global Crude oil price of Indian Basket was US$ 36.47 per bbl on 14.03.2016

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$ 36.47 per barrel (bbl) on 14.03.2016. This was lower than the price of US$ 37.33 per bbl on previous publishing day of 11.03.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2444.07 per bbl on 14.03.2016 as compared to Rs 2504.57 per bbl on 11.03.2016. Rupee closed stronger at Rs 67.02 per US$ on 14.03.2016 as against Rs 67.09 per US$ on 11.03.2016. The table below gives details in this regard:

Particulars     Unit Price on March 14, 2016 (Previous trading day i.e. 11.03.2016) Pricing Fortnight for 01.03.2016

(12 Feb to 25 Feb, 2016)

Crude Oil (Indian Basket) ($/bbl)               36.47             (37.33) 30.61
(Rs/bbl           2444.07         (2504.57) 2096.17
Exchange Rate (Rs/$)               67.02             (67.09) 68.48