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$ 44.59 per barrel (bbl) on 02.05.2016. This was higher than the price of US$ 43.86 per bbl on previous publishing day of 28.04.2016.
In rupee terms, the price of Indian Basket decreased to Rs. 2958.23 per bbl on 02.05.2016 as compared to Rs. 2965.99 per bbl on 29.04.2016. Rupee closed stronger at Rs 66.34 per US$ on 02.05.2016 as against Rs 66.52 per US$ on 29.04.2016. The table below gives details in this regard:
|Particulars||Unit||Price on May 02, 2016 (Previous trading day i.e. 29.04.2016)||Pricing Fortnight for 01.05.2016
(13 Apr to 27 Apr, 2016)
|Crude Oil (Indian Basket)||($/bbl)||44.59* (44.59)||41.08|
|Exchange Rate||(Rs/$)||66.34 (66.52)||66.51|
* Since Brent, Oman & Dubai prices are not available due to holiday on 02.05.2016, the price of Indian Basket Crude oil cannot be derived. Therefore, price of Indian basket as of 29.04.2016 has been considered.