Global Crude oil price of Indian Basket was US$ 53.11 per bbl on 14.12.2016

Global Crude oil price of Indian Basket was US$ 53.11 per bbl on 14.12.2016

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$ 53.11 per barrel (bbl) on 14.12.2016. This was lower than the price of US$ 53.38 per bbl on previous publishing day of 13.12.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 3588.29 per bbl on 14.12.2016 as compared to Rs. 3602.70 per bbl on 13.12.2016. Rupee closed weaker at Rs 67.56 per US$ on 14.12.2016 as against Rs 67.49 per US$ on 13.12.2016. The table below gives details in this regard:

 

Particulars     Unit Price on December 14, 2016 (Previous trading day i.e. 13.12.2016) Pricing Fortnight for 01.12.2016

(Nov 12, 2016 to Nov 28, 2016)

 

Crude Oil (Indian Basket) ($/bbl)         53.11              (53.38) 44.87
(Rs/bbl         3588.29          (3602.70) 3061.48
Exchange Rate (Rs/$)         67.56              (67.49) 68.23

 

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