Global Crude oil price of Indian Basket was US$ 30.38 per bbl on 15.02.2016

Global Crude oil price of Indian Basket was US$ 30.38 per bbl on 15.02.2016

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$ 30.38 per barrel (bbl) on 15.02.2016. This was higher than the price of US$ 28.34 per bbl on previous publishing day of 12.02.2016.

In rupee terms, the price of Indian Basket increased to Rs 2070.04 per bbl on 15.02.2016 as compared to Rs 1939.52 per bbl on 12.02.2016. Rupee closed stronger at Rs 68.13 per US$ on 15.02.2016 as against Rs 68.44 per US$ on 12.02.2016. The table below gives details in this regard:

Particulars     Unit Price on February 15, 2016 (Previous trading day i.e. 12.02.2016) Pricing Fortnight for 16.02.2016

(28 Jan to  11 Feb, 2016)

Crude Oil (Indian Basket) ($/bbl)               30.38             (28.34)   30.05
(Rs/bbl           2070.04         (1939.52) 2040.70
Exchange Rate   (Rs/$)               68.13             (68.44)     67.91