Global Crude oil price of Indian Basket was US$ 54.88 per bbl on 03.01.2017
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$ 54.88 per barrel (bbl) on 03.01.2017. This was higher than the price of US$ 54.41 per bbl on previous publishing day of 02.01.2017.
In rupee terms, the price of Indian Basket increased to Rs. 3736.33 per bbl on 03.01.2017 as compared to Rs. 3701.40 per bbl on 02.01.2017. Rupee closed weaker at Rs. 68.09 per US$ on 03.01.2017 as compared to Rs. 68.02 per US$ on 02.01.2017. The table below gives details in this regard:
| Particulars | Unit | Price on January 03, 2017 (Previous trading day i.e. 02.01.2017) | Pricing Fortnight for 01.01.2017
(Dec 14, 2016 to Dec 28, 2016) |
| Crude Oil (Indian Basket) | ($/bbl) | 54.88 (54.41) | 53.05 |
| (Rs/bbl | 3736.33 (3701.40) | 3599.97 | |
| Exchange Rate | (Rs/$) | 68.09 (68.02) | 67.86 |
