Global Crude oil price of Indian Basket was US$ 43.29 per bbl on 08.07.2016

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$ 43.29 per barrel (bbl) on 08.07.2016. This was lower than the price of US$ 45.17 per bbl on previous publishing day of 07.07.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 2920.05 per bbl on 08.07.2016 as compared to Rs. 3049.16 per bbl on 07.07.2016. Rupee closed stronger at Rs 67.46 per US$ on 08.07.2016 as against Rs 67.50 per US$ on 07.07.2016. The table below gives details in this regard:

Particulars     Unit Price on June 8, 2016 (Previous trading day i.e. 07.06.2016) Pricing Fortnight for 1.07.2016
Crude Oil (Indian Basket) ($/bbl)        43.29             (45.17)    46.34
(Rs/bbl       2920.05       (3049.16) 3127.02
Exchange Rate (Rs/$)       67.46             (67.50)    67.48

 

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