Global Crude oil price of Indian Basket was US$ 50.41 per bbl on 19.10.2016

Global Crude oil price of Indian Basket was US$ 50.41 per bbl on 19.10.2016

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$ 50.41 per barrel (bbl) on 19.10.2016. This was higher than the price of US$ 49.67 per bbl on previous publishing day of 18.10.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3363.38 per bbl on 19.10.2016 as compared to Rs. 3314.29 per bbl on 18.10.2016. Rupee closed stronger at Rs. 66.71 per US$ on 19.10.2016 as against Rs. 66.73 per US$ on 18.10.2016. The table below gives details in this regard:

Particulars     Unit Price on October 19, 2016 (Previous trading day i.e. 18.10.2016) Pricing Fortnight for 16.10.2016

(Sep 29, 2016 to Oct 12, 2016)

 

Crude Oil (Indian Basket) ($/bbl)         50.41             (49.67) 48.69
(Rs/bbl         3363.38         (3314.29) 3243.24
Exchange Rate (Rs/$)         66.71             (66.73)   66.61

 

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