Global Crude oil price of Indian Basket was US$ 38.61 per bbl on 07.12.2015

Global Crude oil price of Indian Basket was US$ 38.61 per bbl on 07.12.2015 
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$ 38.61 per barrel (bbl) on 07.12.2015. This was lower than the price of US$ 40.22 per bbl on previous publishing day of 04.12.2015.

In rupee terms, the price of Indian Basket decreased to Rs 2572.73 per bbl on 07.12.2015 as compared to Rs 2687.93 per bbl on 04.12.2015. Rupee closed stronger at Rs 66.63 per US$ on 07.12.2015 as against Rs 66.84 per US$ on 04.12.2015. The table below gives details in this regard:

Price on December 07, 2015(Previous trading day i.e. 04.12.2015)
Pricing Fortnight for 01.12.2015
(Nov 11 to Nov 26, 2015)
Crude Oil (Indian Basket)
38.61             (40.22)
2572.73         (2687.93)
Exchange Rate
66.63             (66.84)

                                            Daily Crude Oil Price- 08.12.2015      

Petroleum Minister Shri Dharmendra Pradhan reviews issues related to cleaner fuel in transportation sector 
The Minister of State (I/C) for Petroleum and Natural Gas Shri Dharmendra Pradhan today met Ms. Sunita Narain of Centre of Science & Environment. Issues related to cleaner fuel in transportation sector was discussed, especially in the context of India’s voluntary commitment on INDC and ongoing meeting of COP 21.

Shri Pradhan outlined the various initiatives that have been taken and are under implementation under clean and green fuel policy of the present Government.

He informed that IGL and OMCs are working out to open 200 additional CNG outlets in Delhi within next few months which will smoothen the supply of CNG in the city. Similarly, new CNG stations will come up in the NCR territory. Shri Pradhan said all efforts will be made to make CNG a preferred fuel and the CNG initiative becomes a social movement to deal with pollution .

Secretary, senior officials of MoPNG and CMD/MD/senior officers of IOCL, GAIL,BPCL,HPCL,IGL and ED, PCRA were also present in the meeting. 

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