Global Crude oil price of Indian Basket was US$ 37.07 per bbl on 08.03.2016

Global Crude oil price of Indian Basket was US$ 37.07 per bbl on 08.03.2016

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$ 37.07 per barrel (bbl) on 08.03.2016. This was higher than the price of US$ 36.17 per bbl on previous publishing day of 07.03.2016.

In rupee terms, the price of Indian Basket increased to Rs 2495.94 per bbl on 08.03.2016 as compared to Rs 2433.35 per bbl on 07.03.2016. Rupee closed weaker at Rs 67.34 per US$ on 08.03.2016 as against Rs 67.27 per US$ on07.03.2016. The table below gives details in this regard:

Particulars      Unit Price on March 08, 2016 (Previous trading day i.e.07.03.2016) Pricing Fortnight for 01.03.2016

(12 Feb to 25 Feb, 2016)

Crude Oil (Indian Basket) ($/bbl)               37.07             (36.17) 30.61
(Rs/bbl)           2495.94         (2433.35) 2096.17
Exchange Rate   (Rs/$)               67.34             (67.27) 68.48