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$ 46.63 per barrel (bbl) on 30.08.2016. This was lower than the price of US$ 47.14 per bbl on previous publishing day of 29.08.2016.
In rupee terms, the price of Indian Basket decreased to Rs. 3128.23 per bbl on 30.08.2016 as compared to Rs. 3166.62 per bbl on 29.08.2016. Rupee closed stronger at Rs. 67.09 per US$ on 30.08.2016 as against Rs.67.18 per US$ on 29.08.2016. The table below gives details in this regard:
|Particulars||Unit||Price on August 30, 2016 (Previous trading day i.e. 29.08.2016)||Pricing Fortnight for 16.08.2016
(July 28, 2016 to Aug 10, 2016)
|Crude Oil (Indian Basket)||($/bbl)||46.63 (47.14)||40.73|
|Exchange Rate||(Rs/$)||67.09 (67.18)||66.87|