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$ 46.29 per barrel (bbl) on 08.09.2016. This was higher than the price of US$ 44.76 per bbl on previous publishing day of 07.09.2016.
In rupee terms, the price of Indian Basket increased to Rs. 3075.93 per bbl on 08.09.2016 as compared to Rs. 2970.45 per bbl on 07.09.2016. Rupee closed weaker at Rs. 66.45 per US$ on 08.09.2016 as against Rs.66.36 per US$ on 07.09.2016. The table below gives details in this regard:
|Particulars||Unit||Price on September 08, 2016 (Previous trading day i.e. 07.09.2016)||Pricing Fortnight for 01.09.2016
(Aug 11, 2016 to Aug 29, 2016)
|Crude Oil (Indian Basket)||($/bbl)||46.29 (44.76)||46.20|
|Exchange Rate||(Rs/$)||66.45 (66.36)||67.00|