Global Crude oil price of Indian Basket was US$ 43.71 per bbl on 01.09.2016

Global Crude oil price of Indian Basket was US$ 43.71 per bbl on 01.09.2016

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$ 43.71 per barrel (bbl) on 01.09.2016. This was lower than the price of US$ 45.23 per bbl on previous publishing day of 31.08.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 2926.43 per bbl on 01.09.2016 as compared to Rs. 3029.76 per bbl on 31.08.2016. Rupee closed stronger at Rs. 66.95 per US$ on 01.09.2016 as against Rs. 66.98 per US$ on 31.08.2016. The table below gives details in this regard:

Particulars      Unit Price on September 01, 2016 (Previous trading day i.e. 31.08.2016) Pricing Fortnight for 01.09.2016

(Aug 11, 2016 to Aug 29, 2016)

Crude Oil (Indian Basket) ($/bbl)     43.71           (45.23) 46.20
(Rs/bbl     2926.43       (3029.76) 3095.40
Exchange Rate (Rs/$)     66.95           (66.98) 67.00

 

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