Global #Crude oil price of Indian Basket was US$ 29.89 per bbl on 17.02.2016

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Global Crude oil price of Indian Basket was US$ 29.89 per bbl on 17.02.2016

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$ 29.89 per barrel (bbl) on 17.02.2016. This was lower than the price of US$ 31.48 per bbl on previous publishing day of 16.02.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2050.06 per bbl on 17.02.2016 as compared to Rs 2151.20 per bbl on 16.02.2016. Rupee closed weaker at Rs 68.59 per US$ on 17.02.2016 as against Rs 68.34 per US$ on 16.02.2016. The table below gives details in this regard:

Particulars

Unit

Price on February 17, 2016 (Previous trading day i.e. 16.02.2016)

Pricing Fortnight for 16.02.2016
(28 Jan to 11 Feb, 2016)
Crude Oil (Indian Basket)

($/bbl)

29.89 (31.48)

30.05

(Rs/bbl

2050.06 (2151.20)

2040.70

Exchange Rate

(Rs/$)

68.59 (68.34)

67.91

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