Global Crude oil price of Indian Basket was US$ 43.04 per bbl on 05.05.2016

Global Crude oil price of Indian Basket was US$ 43.04 per bbl on 05.05.2016

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$ 43.04 per barrel (bbl) on 05.05.2016. This was higher than the price of US$ 42.26 per bbl on previous publishing day of 04.05.2016.

In rupee terms, the price of Indian Basket increased to Rs. 2862.28 per bbl on 05.05.2016 as compared to Rs. 2811.68 per bbl on 04.05.2016. Rupee closed stronger at Rs 66.51 per US$ on 05.05.2016 as against Rs 66.54 per US$ on 04.05.2016. The table below gives details in this regard:

Particulars     Unit Price on May 05, 2016 (Previous trading day i.e. 04.05.2016) Pricing Fortnight for 01.05.2016

(13 Apr to 27 Apr, 2016)

Crude Oil (Indian Basket) ($/bbl)                 43.04                (42.26)    41.08
(Rs/bbl              2862.28            (2811.68) 2732.23
Exchange Rate (Rs/$)                 66.51                (66.54)    66.51

 

 

RG/ Rk/Daily Crude Oil Price- 06.05.2016