Global Crude oil price of Indian Basket was US$ 45.51 per bbl on 19.05.2016

Global Crude oil price of Indian Basket was US$ 45.51 per bbl on 19.05.2016

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$ 45.51 per barrel (bbl) on 19.05.2016. This was lower than the price of US$ 46.72 per bbl on previous publishing day of 18.05.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 3059.64 per bbl on 19.05.2016 as compared to Rs. 3126.44 per bbl on 18.05.2016. Rupee closed weaker at Rs 67.23 per US$ on 19.05.2016 as against Rs 66.91 per US$ on 18.05.2016. The table below gives details in this regard:

Particulars     Unit Price on May 19, 2016 (Previous trading day i.e. 18.05.2016) Pricing Fortnight for 16.05.2016

(28 Apr to 11 May, 2016)

Crude Oil (Indian Basket) ($/bbl)                 45.51                (46.72)    43.00
(Rs/bbl              3059.64            (3126.44) 2859.50
Exchange Rate (Rs/$)                 67.23                (66.91)    66.50

 

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