Global Crude oil price of Indian Basket was US$ 42.69 per bbl on 22.07.2016

Global Crude oil price of Indian Basket was US$ 42.69 per bbl on 22.07.2016

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$ 42.69 per barrel (bbl) on 22.07.2016. This was lower than the price of US$ 43.96 per bbl on previous publishing day of 21.07.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 2866.08 per bbl on 22.07.2016 as compared to Rs. 2954.40 per bbl on 21.07.2016. Rupee closed stronger at Rs. 67.14 per US$ on 22.07.2016 as against Rs.67.20 per US$ on 21.07.2016. The table below gives details in this regard:

Particulars      Unit Price on July 22, 2016 (Previous trading day i.e. 21.07.2016) Pricing Fortnight for 16.07.2016

(June 29, 2016 to July 13, 2016)

Crude Oil (Indian Basket) ($/bbl)       42.69             (43.96) 45.17
(Rs/bbl       2866.08        (2954.40) 3043.55
Exchange Rate (Rs/$)       67.14             (67.20) 67.38

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