Indian Basket of Crude Oil Price Report at $31 per bbl

Indian Basket of Crude Oil Price Report at $31 per bbl

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$ 31.06 per barrel (bbl) on 05.02.2016. This was lower than the price of US$ 31.66 per bbl on previous publishing day of 04.02.2016.In rupee terms, the price of Indian Basket decreased to Rs 2100.50 per bbl on 05.02.2016 as compared to Rs 2147.13 per bbl on 04.02.2016. Rupee closed stronger at Rs 67.64 per US$ on 05.02.2016 as against Rs 67.81 per US$ on 04.02.2016. The table below gives details in this regard:

Particulars Unit Price on February 05, 2016(Previous trading day i.e.04.02.2016) Pricing Fortnight for 01.02.2016
(14 Jan to 27 Jan, 2016)
Crude Oil (Indian Basket) ($/bbl) 31.06(31.66) 26.05
(Rs/bbl) 2100.50(2147.13) 1763.06
Exchange Rate (Rs/$) 67.64(67.81) 67.68

 Source: PIB