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$ 37.01 per barrel (bbl) on10.03.2016. This was higher than the price of US$ 36.80 per bbl on previous publishing day of 09.03.2016.
In rupee terms, the price of Indian Basket decreased to Rs 2481.51 per bbl on 10.03.2016 as compared to Rs 2482.93 per bbl on 09.03.2016. Rupee closed stronger at Rs 67.05 per US$ on 10.03.2016 as against Rs 67.46 per US$ on 09.03.2016. The table below gives details in this regard:
|Particulars||Unit||Price on March 10, 2016 (Previous trading day i.e.09.03.2016)||Pricing Fortnight for 01.03.2016
(12 Feb to 25 Feb, 2016)
|Crude Oil (Indian Basket)||($/bbl)||37.01 (36.80)||30.61|
|Exchange Rate||(Rs/$)||67.05 (67.46)||68.48|