Global Crude oil price of Indian Basket was US$ 40.21 per bbl on 15.04.2016

Global Crude oil price of Indian Basket was US$ 40.21 per bbl on 15.04.2016

Team EnergyInfraPost

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$ 40.21 per barrel (bbl) on 15.04.2016. This was lower than the price of US$ 40.66 per bbl on previous publishing day of 14.04.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 2671.41 per bbl on 15.04.2016 as compared to Rs 2700.85 per bbl on 14.04.2016. Rupee closed at Rs 66.43 per US$ on 15.04.2016. The table below gives details in this regard:

Particulars     Unit Price on April 15, 2016 (Previous trading day i.e. 14.04.2016) Pricing Fortnight for 16.04.2016

(30 Mar to 12 Apr, 2016)

Crude Oil (Indian Basket) ($/bbl)                 40.21                (40.66) 36.98
(Rs/bbl              2671.41            (2700.85) 2455.84
Exchange Rate   (Rs/$)                 66.43*                 66.41

 * RBI reference rate for 14.04.2016 & 15.04.2016 is not available. Therefore reference rate of 13.04.2016 has been considered.