Global Crude oil price of Indian Basket was US$ 30.06 per bbl on 24.02.2016

Global Crude oil price of Indian Basket was US$ 30.06 per bbl on 24.02.2016

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$ 30.06 per barrel (bbl) on 24.02.2016. This was lower than the price of US$ 30.79 per bbl on previous publishing day of 23.02.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2061.21 per bbl on 24.02.2016 as compared to Rs 2113.53 per bbl on 23.02.2016. Rupee closed stronger at Rs 68.57 per US$ on 24.02.2016 as against Rs 68.64 per US$ on 23.02.2016. The table below gives details in this regard:

      Particulars         Unit Price on February 24, 2016 (Previous trading day i.e. 23.02.2016) Pricing Fortnight for 16.02.2016

(28 Jan to  11 Feb, 2016)

Crude Oil (Indian Basket)     ($/bbl)               30.06             (30.79)      30.05
   (Rs/bbl)               2061.21         (2113.53)      2040.70
Exchange Rate     (Rs/$)               68.57             (68.64)      67.91