Global Crude oil price of Indian Basket was US$ 31.86 per bbl on 29.02.2016

Global Crude oil price of Indian Basket was US$ 31.86 per bbl on 29.02.2016

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$ 31.86 per barrel (bbl) on 29.02.2016. This was lower than the price of US$ 32.53 per bbl on previous publishing day of 26.02.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2185.97 per bbl on 29.02.2016 as compared to Rs 2237.02 per bbl on 26.02.2016. Rupee closed stronger at Rs 68.62 per US$ on 29.02.2016 as against Rs 68.78 per US$ on 26.02.2016. The table below gives details in this regard:

Particulars     Unit Price on February 29, 2016 (Previous trading day i.e. 26.02.2016) Pricing Fortnight for 01.03.2016

(12 Feb to 25 Feb, 2016)

Crude Oil (Indian Basket) ($/bbl)               31.86             (32.53) 30.61
(Rs/bbl           2185.97         (2237.02) 2096.17
Exchange Rate   (Rs/$)               68.62             (68.78) 68.48