Global Crude oil price of Indian Basket was US$ 35.73per bbl on 06.04.2016

Global Crude oil price of Indian Basket was US$ 35.73per bbl on 06.04.2016
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$ 35.73 per barrel (bbl) on 06.04.2016. This was higher than the price of US$ 34.65 per bbl on previous publishing day of 05.04.2016.

In rupee terms, the price of Indian Basket increased to Rs. 2379.08 per bbl on 06.04.2016 as compared to Rs 2297.95 per bbl on 05.04.2016. Rupee closed weaker at Rs 66.58 per US$ on 06.04.2016 as against Rs 66.32 per US$ on 05.04.2016. The table below gives details in this regard:

Price on April 06, 2016 
(Previous trading day i.e. 05.04.2016)                                                                  
Pricing Fortnight for 01.04.2016
(12 Mar to 29 Mar, 2016)
Crude Oil (Indian Basket)
35.73                 (34.65)         
2379.08            (2297.95)       
Exchange Rate
 66.58                 (66.32)

 Daily Crude Oil Price- 07.04.2016  

Petroleum & Natural Gas Minister dedicates 36 new CNG stations in Delhi & NCR
The Minister of State (Independent Charge) for Petroleum & Natural Gas Shri Dharmendra Pradhan today dedicated 36 new CNG stations located in Delhi and NCR to the public. 30 out of these stations have been installed by Indraprastha Gas Limited (IGL) at the retail outlets of Oil Marketing Companies like Indian Oil, BPCL and HPCL. 3 stations by Haryana City gas in Gurgaon, 1 station by GAIL Gas in Sonepat and 2 stations by Adani gas – one each in Faridabad and Khurja (Bulandshahar) have been set up. While 25 out of these 36 CNG stations are located in NCT of Delhi, 11 are located in NCR - Ghaziabad, Greater Noida, Gurgaon, Faridabad, Sonipat and Khurja. 

Inaugurating the CNG dispensing at the retail outlet of Indian Oil located in Gole Market, New Delhi, Shri Pradhan underlined the commitment of the central government to make CNG available across the country so that clean fuel is accessible at doorsteps for all. He said that CNG corridors across Delhi – Mathura – Agra - Lucknow – Bareilly, Delhi – Chandigarh, Delhi - Jaipur and Delhi – Haridwar would be operational shortly so that the vehicles can run long distances on CNG. He reiterated that CGD industry has been given top priority in natural gas allocation.

The Minister applauded the efforts of oil marketing companies and city gas distribution companies for rolling out the current initiative for CGD infrastructure in Delhi and NCR. He also said that these companies are geared up for extending all possible cooperation for converting cars to CNG in Delhi and NCR.

Out of the 1026 CNG stations currently in operation in the country, about 34% are located in Delhi and adjoining NCR towns. Delhi/NCR is having  347 CNG stations of about 77 lakh kg per day CNG dispensing capacity. All 4 CGD companies operating in Delhi/NCR have planned to augment the existing CNG dispensing capacity to 88 lakh kg per day by developing additional 104 CNG stations in Delhi/NCR.  The actual CNG consumption in Delhi/NCR is around 25 lakh kg/day. With the focussed approach of the central government for augmenting CNG capacity in Delhi/NCR, 36 new CNG stations with the total capacity of about 2.3 lakh kg/day have been commissioned today. The new dispensing capacity will increase the availability of CNG to the people of Delhi and NCR.

Also present on the occasion were Ms Meenakshi Lekhi, Member of Parliament, Shri B.C. Tripathi, CMD, GAIL (India) Ltd., Shri B. Ashok, Chairman, Indian Oil, Shri Ashutosh Jindal, Joint Secretary, Ministry of Petroleum & Natural Gas, Ms Sunita Narain, DG, Cenre for Science & Environment and Mr Narendra Kumar, MD, IGL.

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