Global Crude oil price of Indian Basket was US$ 47.26 per bbl on 31.10.2016

Global Crude oil price of Indian Basket was US$ 47.26 per bbl on 31.10.2016

Global Crude oil price

The Global 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$ 47.26 per barrel (bbl) on 31.10.2016. This was lower than the price of US$ 48.50 per bbl on previous publishing day of 28.10.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 3159.50 per bbl on 31.10.2016 as compared to Rs. 3242.61 per bbl on 28.10.2016. Rupee closed at Rs. 66.86 per US$ on 31.10.2016. The table below gives details in this regard:

Particulars     

Unit

Price on October 31, 2016

(Previous trading day i.e. 28.10.2016)

Pricing Fortnight for 01.11.2016

(Oct 13, 2016 to Oct 26, 2016)

 

Crude Oil (Indian Basket)

($/bbl)

               47.26             (48.50)

49.53

(Rs/bbl

                 3159.50       (3242.61)

3309.10

Exchange Rate

  (Rs/$)

          66.86             (66.86)

66.81

 

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