Global Crude oil price of Indian Basket was US$ 55.01 per bbl on 22.02.2017


Global Crude oil price of Indian Basket was US$ 55.01 per bbl on 22.02.2017
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$ 55.01 per barrel (bbl) on 22.02.2017. This was lower than the price of US$ 55.37 per bbl on previous publishing day of 21.02.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 3684.01 per bbl on 22.02.2017 as compared to Rs. 3708.85 per bbl on 21.02.2017. Rupee closed stronger at Rs. 66.96 per US$ on 22.02.2017 as compared to Rs. 66.98  per US$ on 21.02.2017. The table below gives details in this regard:

Particulars     
Unit
Price on February 22, 2017 (Previous trading day i.e. 21.02.2017)                                                                  
Pricing Fortnight for 16.02.2017
(Jan 28, 2017 to Feb 13, 2017)
Crude Oil (Indian Basket)
($/bbl)
                  55.01             (55.37)       
54.67
(Rs/bbl
                 3648.01       (3708.85)       
3683.12
Exchange Rate
  (Rs/$)
                  66.96            (66.98)
67.37

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