Global Crude oil price of Indian Basket was US$ 37.10 per bbl on 25.03.2016

Global Crude oil price of Indian Basket was US$ 37.10 per bbl on 25.03.2016

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$ 37.10 per barrel (bbl) on 25.03.2016. This was lower than the price of US$ 38.15 per bbl on 23.03.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2480.63 per bbl on 25.03.2016 as compared to Rs 2550.80 per bbl on 23.03.2016. Rupee closed at Rs 66.86 per US$ on 23.03.2016. (RBI reference rate for 24.03.2016 and 25.03.2016 are not available. Therefore, reference rate of 23.03.2016 has been considered.) The table below gives details in this regard:

Particulars     Unit Price on March 25, 2016 (Previous trading day i.e. 23.03.2016) Pricing Fortnight for 16.03.2016

(26 Feb to 11 Mar, 2016)

Crude Oil (Indian Basket) ($/bbl)               37.10*              (38.15) 34.82
(Rs/bbl           2480.63            (2550.80) 2356.62
Exchange Rate (Rs/$)               66.86              67.68

* Since Brent, Oman & Dubai prices were not available to holiday on 25.03.2016, the price of Indian Basket Crude oil cannot be derived. Therefore, price of Indian basket as of 24.03.2016 has been considered.