Global Crude oil price of Indian Basket was US$ 55.18 per bbl on 24.02.2017


Global Crude oil price of Indian Basket was US$ 55.18 per bbl on 24.02.2017

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$ 55.18 per barrel (bbl) on 24.02.2017. This was lower than the price of US$ 55.48 per bbl on previous publishing day of 23.02.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 3687.76 per bbl on 24.02.2017 as compared to Rs. 3707.99 per bbl on 23.02.2017. Rupee closed at Rs. 66.84* per US$ on 24.02.2017. The table below gives details in this regard:

Particulars    
Unit
Price on February 24, 2017 (Previous trading day i.e. 23.02.2017)                                                                  
Pricing Fortnight for 16.02.2017
(Jan 28, 2017 to Feb 13, 2017)
Crude Oil (Indian Basket)
($/bbl)
                  55.18             (55.48)       
54.67
(Rs/bbl
                 3687.76       (3707.99)       
3683.12
Exchange Rate
  (Rs/$)
                  66.84*              
67.37
* RBI reference rate for 24.02.2017 is not available. Therefore reference rate of 23.02.2017 has been considered.

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