Global Crude oil price of Indian Basket was US$ 46.74 per bbl on 17.08.2016

Global Crude oil price of Indian Basket was US$ 46.74 per bbl on 17.08.2016

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$ 46.74 per barrel (bbl) on 17.08.2016. This was higher than the price of US$ 46.51 per bbl on previous publishing day of 16.08.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3126.79 per bbl on 17.08.2016 as compared to Rs. 3111.15 per bbl on 16.08.2016. RBI reference rate for 17.08.2016 is not available. Therefore reference rate of 16.08.2016 has been considered. The table below gives details in this regard:

Particulars     Unit Price on August 17, 2016 (Previous trading day i.e. 16.08.2016) Pricing Fortnight for 16.08.2016

(July 28, 2016 to Aug 10, 2016)

 

Crude Oil (Indian Basket) ($/bbl)               46.74           (46.51) 40.73
(Rs/bbl               3126.79        (3111.15) 2723.62
Exchange Rate (Rs/$)               66.90*               66.87

*RBI reference rate for 17.08.2016 is not available. Therefore reference rate of 16.08.2016 has been considered

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