Global Crude oil price of Indian Basket at US$ 31.48 per bbl on Feb 16

Global Crude oil price of Indian Basket at US$ 31.48 per bbl on Feb 16

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$ 31.48 per barrel (bbl) on 16.02.2016. This was higher than the price of US$ 30.38 per bbl on previous publishing day of 15.02.2016.

In rupee terms, the price of Indian Basket increased to Rs 2151.20 per bbl on 16.02.2016 as compared to Rs 2070.04 per bbl on 15.02.2016. Rupee closed weaker at Rs 68.34 per US$ on 16.02.2016 as against Rs 68.13 per US$ on 15.02.2016. The table below gives details in this regard:

  Particulars        Unit Price on February 16, 2016(Previous trading day i.e. 15.02.2016) Pricing Fortnight for 16.02.2016

(28 Jan to  11 Feb, 2016)

Crude Oil (Indian Basket)   ($/bbl)               31.48             (30.38)     30.05
  (Rs/bbl               2151.20         (2070.04)     2040.70
Exchange Rate   (Rs/$)               68.34             (68.13)     67.91