Global Crude oil price of Indian Basket at US$ 27.72 per bbl on February, 10, 2016

Global Crude oil price of Indian Basket at US$ 27.72 per bbl on February, 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$ 27.72 per barrel (bbl) on 10.02.2016. The price was US$ 31.06 per bbl on previous publishing day of 05.02.2016. (Since Oman & Dubai prices were not available due to holiday in Singapore on 8th & 9th Feb, 2016 the price of Indian Basket Crude oil could not be derived. Therefore, price of Indian basket as of 5th Feb, 2016 were considered.)

In rupee terms, the price of Indian Basket decreased to Rs 1881.77 per bbl on 10.02.2016 as compared to Rs 2116.83 per bbl on 09.02.2016. Rupee closed stronger at Rs 67.88 per US$ on 10.02.2016 as against Rs 68.16 per US$ on 09.02.2016. The table below gives details in this regard:

  Particulars        Unit Price on February 10, 2016 (Previous trading day i.e. 09.02.2016) Pricing Fortnight for 01.02.2016

(14 Jan to 27 Jan, 2016)

Crude Oil (Indian Basket)   ($/bbl)               27.72              (31.06)     26.05
  (Rs/bbl)               1881.77          (2116.83)     1763.06
Exchange Rate   (Rs/$)               67.88              (68.16)     67.68