Global Crude oil price of Indian Basket was US$ 37.10 per bbl on 28.03.2016



Global Crude oil price of Indian Basket was US$ 37.10 per bbl on 28.03.2016

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$ 37.10 per barrel (bbl) on 28.03.2016.

In rupee terms, the price of Indian Basket decreased to Rs 2473.36 per bbl on 28.03.2016 as compared to Rs 2480.63 per bbl on 25.03.2016. Rupee closed at Rs 66.67 per US$ on 28.03.2016. The table below gives details in this regard:

Particulars     
Unit
Price on March 28, 2016 
(Previous trading day i.e. 25.03.2016)                                                                  
Pricing Fortnight for 16.03.2016
(26 Feb to 11 Mar, 2016)
Crude Oil (Indian Basket)
($/bbl)
              37.10*                             
34.82
(Rs/bbl
          2473.36            (2480.63)       
2356.62
Exchange Rate
  (Rs/$)
              66.67             
67.68
*Due to holiday in UK on 28.03.2016, the quotes for Brent are not available. Since Brent prices are not available, the price of Indian Basket Crude oil cannot be derived also Brent, Oman & Dubai prices are not available due to holiday on 25.03.2016, the price of Indian Basket Crude oil cannot be derived. Therefore, price of Indian Basket as of 24.03.2016 has been considered.

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