Global Crude oil price of Indian Basket was US$ 54.34 per bbl on 24.01.2017


Global Crude oil price of Indian Basket was US$ 54.34 per bbl on 24.01.2017

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$ 54.34 per barrel (bbl) on 24.01.2017. This was higher than the price of US$ 53.92 per bbl on previous publishing day of 23.01.2017.

In rupee terms, the price of Indian Basket increased to Rs. 3703.43 per bbl on 24.01.2017 as compared to Rs. 3671.16 per bbl on 23.01.2017. Rupee closed weaker at Rs. 68.16 per US$ on 24.01.2017 as compared to Rs. 68.08 per US$ on 23.01.2017. The table below gives details in this regard:
Particulars     
Unit
Price on January 24, 2017 (Previous trading day i.e. 23.01.2017)                                                                  
Pricing Fortnight for 16.01.2017
(Dec 29, 2016 to Jun 11, 2016)
Crude Oil (Indian Basket)
($/bbl)
                  54.34              (53.92)        
54.24
(Rs/bbl
                 3703.43       (3671.16)       
3691.57
Exchange Rate
  (Rs/$)
                  68.16              (68.08)
   68.06

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