Global Crude oil price of Indian Basket was US$ 43.96 per bbl on 12.07.2016

Global Crude oil price of Indian Basket was US$ 43.96 per bbl on 12.07.2016

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$ 43.96 per barrel (bbl) on 12.07.2016. This was higher than the price of US$ 42.98 per bbl on previous publishing day of 11.07.2016.

In rupee terms, the price of Indian Basket increased to Rs. 2951.49 per bbl on 12.07.2016 as compared to Rs. 2886.06 per bbl on 11.07.2016. Rupee closed weaker at Rs. 67.15 per US$ on 12.07.2016 as against Rs. 67.14 per US$ on 11.07.2016. The table below gives details in this regard:

Particulars     Unit Price on July 12, 2016 (Previous trading day i.e. 11.07.2016) Pricing Fortnight for 01.07.2016

(June 14, 2016 to June 28, 2016)

 

Crude Oil (Indian Basket) ($/bbl)      43.96             (42.98)    46.34
(Rs/bbl     2951.49       (2886.06) 3127.02
Exchange Rate (Rs/$)     67.15             (67.14)    67.48

 

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