Global Crude oil price of Indian Basket at US$ 31.06 per bbl on 08.02.2016

The international crude oil price of Indian Basket

Global Crude oil price of Indian Basket at US$ 31.06 per bbl on 08.02.2016

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$ 31.06 per barrel (bbl) on 08.02.2016.

In rupee terms, the price of Indian Basket increased to Rs 2106.17 per bbl on 08.02.2016 as compared to Rs 2100.50 per bbl on 05.02.2016. Rupee closed weaker at Rs 67.82 per US$ on 08.02.2016 as against Rs 67.64 per US$ on 05.02.2016. The table below gives details in this regard:

Particulars Unit Price on February 08, 2016(Previous trading day i.e. 05.02.2016) Pricing Fortnight for 01.02.2016
(14 Jan to 27 Jan, 2016)
Crude Oil (Indian Basket) ($/bbl) *31.06(31.06) 26.05
(Rs/bbl) 2106.17(2100.50) 1763.06
Exchange Rate (Rs/$) 67.82(67.64) 67.68

 * Since Oman& Dubai prices are not available due to holiday in Singapore on 08.02.2016, the price of Indian Basket Crude oil cannot be derived. Therefore, price of Indian basket as of 05.02.2016 has been considered.

Source: PIB