Global Crude oil price of Indian Basket was US$ 33.54 per bbl on 04.01.2016

Global Crude oil price of Indian Basket was US$ 33.54 per bbl on 04.01.2016 
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$ 33.54 per barrel (bbl) on 04.01.2016.

In rupee terms, the price of Indian Basket increased to Rs 2229.47 per bbl on 04.01.2016 as compared to Rs 2177.22 per bbl on 01.01.2016. Rupee closed weaker at Rs 66.46 per US$ on 04.01.2016 as against Rs 66.18 per US$ on 01.01.2016. The table below gives details in this regard:

Price on January 04, 2016(Previous trading day i.e. 01.01.2016)
Pricing Fortnight for 01.01.2016
(Dec 12 to Dec 29, 2015)
Crude Oil (Indian Basket)
33.54             (32.90)
2229.47   (2177.22)
Exchange Rate
66.46             (66.18)

Daily Crude Oil Price- 05.01.2016      

PM's interaction with global oil and gas experts

The Prime Minister, Shri Narendra Modi, today interacted with global oil and gas experts. The interaction, which lasted over two hours, also included Union Ministers Shri Arun Jaitley, Shri Piyush Goyal and Shri Dharmendra Pradhan, Vice-Chairman of NITI Aayog Shri Arvind Panagariya, besides top officials from the Government and NITI Aayog.

The discussions focused on subjects such as increasing the share of gas in India's energy mix, fresh investment in oil and gas exploration in India, regulatory frameworks, international acquisition of oil and gas assets, emerging areas such as shale gas and coal-bed methane, and the oil and gas sector related possibilities of "Make in India."

The Prime Minister emphasized his vision for a fresh look at the sector, to bring in investment, technological upgradation, and development of human resource. 

No comments

Powered by Blogger.