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$ 46.88 per barrel (bbl) on 31.05.2016. This was higher than the price of US$ 46.53 per bbl on previous publishing day of 30.05.2016.
In rupee terms, the price of Indian Basket increased to Rs. 3150.67 per bbl on 31.05.2016 as compared to Rs. 3133.13 per bbl on 30.05.2016. Rupee closed stronger at Rs 67.20 per US$ on 31.05.2016 as against Rs 67.34 per US$ on 30.05.2016. The table below gives details in this regard:
|Particulars||Unit||Price on May 31, 2016 (Previous trading day i.e. 30.05.2016)||Pricing Fortnight for 16.06.2016|
|Crude Oil (Indian Basket)||($/bbl)||46.88 (46.53)||46.88|
|Exchange Rate||(Rs/$)||67.20 (67.34)||67.27|