Global Crude oil price of Indian Basket was US$ 31.26 per bbl on 22.02.2016
Global Crude oil price of Indian Basket was US$ 31.26 per bbl on 22.02.2016
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$ 31.26 per barrel (bbl) on 22.02.2016. This was higher than the price of US$ 31.07 per bbl on previous publishing day of 19.02.2016.
In rupee terms, the price of Indian Basket increased to Rs 2142.93 per bbl on 22.02.2016 as compared to Rs 2127.88 per bbl on 19.02.2016. Rupee closed weaker at Rs 68.55 per US$ on 22.02.2016 as against Rs 68.49 per US$ on 19.02.2016. The table below gives details in this regard:
| Particulars | Unit | Price on February 22, 2016 (Previous trading day i.e. 19.02.2016) | Pricing Fortnight for 16.02.2016
(28 Jan to 11 Feb, 2016) |
| Crude Oil (Indian Basket) | ($/bbl) | 31.26 (31.07) | 30.05 |
| (Rs/bbl | 2142.93 (2127.88) | 2040.70 | |
| Exchange Rate | (Rs/$) | 68.55 (68.49) | 67.91 |
