Global Crude oil price of Indian Basket was US$ 45.38 per bbl on 15.08.2016

Global Crude oil price of Indian Basket was US$ 45.38 per bbl on 15.08.2016

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$ 45.38 per barrel (bbl) on 15.08.2016. This was higher than the price of US$ 41.82 per bbl on previous publishing day of 11.08.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3032.70 per bbl on 15.08.2016 as compared to Rs. 2795.77 per bbl on 11.08.2016. Rupee closed at Rs. 66.83 per US$ on 15.08.2016. The table below gives details in this regard:

 

Particulars      Unit Price on August 15, 2016 (Previous trading day i.e. 11.08.2016) Pricing Fortnight for 16.08.2016

(July 28, 2016 to Aug 10, 2016)

Crude Oil (Indian Basket) ($/bbl)        45.38           (41.82) 40.73
(Rs/bbl        3032.70       (2795.77) 2723.62
Exchange Rate (Rs/$)        66.83*              66.87

* RBI reference rate for 15.08.2016 is not available. Therefore, reference rate of 12.08.2016 has been considered.

 

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