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$ 45.89 per barrel (bbl) on 23.05.2016. This was lower than the price of US$ 46.67 per bbl on previous publishing day of 20.05.2016.
In rupee terms, the price of Indian Basket decreased to Rs. 3090.40 per bbl on 23.05.2016 as compared to Rs. 3145.62 per bbl on 20.05.2016. Rupee closed stronger at Rs 67.35 per US$ on 23.05.2016 as against Rs 67.41 per US$ on 20.05.2016. The table below gives details in this regard:
|Particulars||Unit||Price on May 23, 2016 (Previous trading day i.e. 20.05.2016)||Pricing Fortnight for 16.05.2016
(28 Apr to 11 May, 2016)
|Crude Oil (Indian Basket)||($/bbl)||45.89 (46.67)||43.00|
|Exchange Rate||(Rs/$)||67.35 (67.41)||66.50|