Global Crude oil price of Indian Basket was US$ 51.46 per bbl on 02.12.2016

Global Crude oil price of Indian Basket was US$ 51.46 per bbl on 02.12.2016

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$ 51.46 per barrel (bbl) on 02.12.2016. This was higher than the price of US$ 50.27 per bbl on previous publishing day of 01.12.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3518.13 per bbl on 02.12.2016 as compared to Rs. 3436.79 per bbl on 01.12.2016. Rupee closed unchanged at Rs. 68.37 per US$ on 02.12.2016 as compared 01.12.2016. The table below gives details in this regard:

Particulars Unit Price on December 02, 2016 (Previous trading day i.e. 01.12.2016)

Pricing Fortnight for 01.12.2016
(Nov 12, 2016 to Nov 28, 2016)

Crude Oil (Indian Basket)

($/bbl)

51.46 (50.27)

44.87

(Rs/bbl

3518.13 (3436.79)

3061.48

Exchange Rate

(Rs/$)

68.37 (68.37)

68.23