Global Crude oil price of Indian Basket was US$ 54.42 per bbl on 12.12.2016

Global Crude oil price of Indian Basket was US$ 54.42 per bbl on 12.12.2016

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$ 54.42 per barrel (bbl) on 12.12.2016. This was higher than the price of US$ 51.03 per bbl on previous publishing day of 08.12.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3677.60 per bbl on 12.12.2016 as compared to Rs. 3440.97 per bbl on 08.12.2016. Rupee closed at Rs. 67.58 per US$ on 12.11.2016. The table below gives details in this regard:

Particulars Unit Price on December 12, 2016 (Previous trading day i.e. 08.12.2016)

Pricing Fortnight for 01.12.2016 (Nov 12, 2016 to Nov 28, 2016) Crude Oil (Indian Basket)

($/bbl) 54.42 (51.03)

44.87

(Rs/bbl

3677.60 (3440.97)

3061.48

Exchange Rate

(Rs/$)

67.58*

68.23

* RBI reference rate for 12.12.2016 is not available. Therefore reference rate of 09.12.2016 has been considered.

YKB/Rk/Daily Crude Oil Price- 13.12.2016