Global Crude oil price of Indian Basket was US$ 50.27 per bbl on 01.12.2016

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New Delhi, Dec 2: 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$ 50.27 per barrel (bbl) on 01.12.2016. This was higher than the price of US$ 45.83 per bbl on previous publishing day of 30.11.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3436.79 per bbl on 01.12.2016 as compared to Rs. 3140.33 per bbl on 30.11.2016. Rupee closed stronger at Rs 68.37 per US$ on 01.12.2016 as against Rs 68.53 per US$ on 30.11.2016. The table below gives details in this regard:

 

Particulars     Unit Price on December 01, 2016 (Previous trading day i.e. 30.11.2016) Pricing Fortnight for 01.12.2016 (Nov 12, 2016 to Nov 28, 2016)
Crude Oil (Indian Basket) ($/bbl)                         50.27             (45.83)    44.87
(Rs/bbl                       3436.79       (3140.33) 3061.48
Exchange Rate   (Rs/$)                         68.37             (68.53) 68.23

 YKB/RG/NV/Daily Crude Oil Price- 02.12.2016    

Source: PIB   

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