Global Crude oil price of Indian Basket was US$ 30.02 per bbl on 08.01.2016



Global Crude oil price of Indian Basket was US$ 30.02 per bbl on 08.01.2016 

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$ 30.02 per barrel (bbl) on 08.01.2016. This was higher than the price of US$ 29.24 per bbl on previous publishing day of 07.01.2016.

In rupee terms, the price of Indian Basket increased to Rs 2001.28 per bbl on 08.01.2016 as compared to Rs 1956.65 per bbl on 07.01.2016. Rupee closed stronger at Rs 66.67 per US$ on 08.01.2016 as against Rs 66.91 per US$ on 07.01.2016. The table below gives details in this regard:

Particulars    
Unit
Price on January 08, 2016 
(Previous trading day i.e. 07.01.2016)                                                                  
Pricing Fortnight for 01.01.2016
(Dec 12 to Dec 29, 2015)
Crude Oil (Indian Basket)
($/bbl)
30.02             (29.24)               
  33.58
(Rs/bbl
2001.28         (1956.65)       
2234.08
Exchange Rate
  (Rs/$)
 66.67             (66.91)
    66.53
  
                            Daily Crude Oil Price- 11.01.2016      
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Shri Dharmendra Pradhan reviews the status of various projects in the oil sector to be implemented in Bihar 
Hon’ble Prime Minister had announced a developmental package for Bihar, consisting of various projects in different sectors. In this context, Shri Dharmendra Pradhan, Minister of State (I/C) for Petroleum & Natural Gas, today reviewed the status of various projects in the oil sector to be implemented in Bihar. The meeting was attended by officers from various oil PSUs.

While expressing satisfaction at the progress of implementation of various projects and adherence to timelines, it was decided that the status of the projects will be reviewed on a monthly basis by Joint Secretary (Refinery), Ministry of Petroleum & Natural Gas. Each of the stakeholder oil PSUs will also nominate ED level officer(s), as a Nodal officer(s) for coordination, planning and implementation. The Government of Bihar will also be consulted for facilitating implementation of the various projects outlined in the package. 



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