Global Crude oil price of Indian Basket was US$ 33.39 per bbl on 03.03.2016

Global Crude oil price of Indian Basket was US$ 33.39 per bbl on 03.03.2016

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$ 33.39 per barrel (bbl) on 03.03.2016. This was lower than the price of US$ 33.52 per bbl on previous publishing day of 02.03.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2250.05 per bbl on 03.03.2016 as compared to Rs 2269.60 per bbl on 02.03.2016. Rupee closed stronger at Rs 67.38 per US$ on 03.03.2016 as against Rs 67.70 per US$ on 02.03.2016. The table below gives details in this regard:

Particulars     Unit Price on March 03, 2016 (Previous trading day i.e. 02.03.2016) Pricing Fortnight for 01.03.2016

(12 Feb to 25 Feb, 2016)

Crude Oil (Indian Basket) ($/bbl)               33.39             (33.52) 30.61
(Rs/bbl           2250.05         (2269.60) 2096.17
Exchange Rate   (Rs/$)               67.38             (67.70) 68.48