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$ 36.58 per barrel (bbl) on 01.04.2016. This was higher than the price of US$ 36.35 per bbl on previous publishing day of 31.03.2016.
In rupee terms, the price of Indian Basket increased to Rs 2426.33 per bbl on 01.04.2016 as compared to Rs 2411.50 per bbl on 31.03.2016. Rupee closed stronger at Rs 66.33 per US$ on 01.04.2016 as against Rs 66.41 per US$ on 30.03.2016. The table below gives details in this regard:
|Particulars||Unit||Price on April 01, 2016 (Previous trading day i.e. 31.03.2016)||Pricing Fortnight for 01.04.2016
(12 Mar to 29 Mar, 2016)
|Crude Oil (Indian Basket)||($/bbl)||36.58 (36.35)||37.29|
|Exchange Rate||(Rs/$)||66.33* (66.33)||66.82|
* RBI reference rate for 01.04.2016 is not available. Therefore reference rate of 31.03.2016 has been considered.
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