Global Crude oil price of Indian Basket was US$ 38.13 per bbl on 21.03.2016

Global Crude oil price of Indian Basket was US$ 38.13 per bbl on 21.03.2016

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$ 38.13 per barrel (bbl) on 21.03.2016. This was lower than the price of US$ 38.57 per bbl on previous publishing day of 18.03.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2535.91 per bbl on 21.03.2016 as compared to Rs 2568.88 per bbl on 18.03.2016. Rupee closed stronger at Rs 66.50 per US$ on 21.03.2016 as against Rs 66.61 per US$ on 18.03.2016. The table below gives details in this regard:

Particulars     Unit Price on March 21, 2016 (Previous trading day i.e. 18.03.2016) Pricing Fortnight for 16.03.2016

(26 Feb to 11 Mar, 2016)

Crude Oil (Indian Basket) ($/bbl)               38.13             (38.57) 34.82
(Rs/bbl           2535.91         (2568.88) 2356.62
Exchange Rate (Rs/$)               66.50             (66.61) 67.68