Global Crude oil price of Indian Basket was US$ 54.69 per bbl on 18.09.2017

Global Crude oil price of Indian Basket was US$ 54.69 per bbl on 18.09.2017
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$ 54.69 per barrel (bbl) on 18.09.2017. This was higher than the price of US$ 54.58 per bbl on previous publishing day of 15.09.2017.

In rupee terms, the price of Indian Basket increased to Rs. 3502.08 per bbl on 18.09.2017 as compared to Rs. 3497.29 per bbl on 15.09.2017. Rupee closed stronger at Rs. 64.04 per US$ on 18.09.2017 as compared to Rs. 64.08 per US$ on 15.09.2017. The table below gives details in this regard:
Price on September 18,  2017 (Previous trading day i.e. 15.09.2017)
Crude Oil (Indian Basket)
             54.69           (54.58)
            3502.08        (3497.29)
Exchange Rate
             64.04           (64.08)

Daily Crude Oil Price       
Petroleum Minister co-chair 13th Inter-Governmental Commission meeting at Astana, Kazakhstan
Union Minister for Petroleum and Natural Gas and Skill Development and Entrepreneurship, Shri Dharmendra Pradhan will be visiting Astana, Kazakhstan from 19 - 20 September 2017 to co-chair the 13th Meeting of Inter-Governmental Commission (IGC) with Kazakhstan. Mr Kanat Bozumbayev, Minister of Energy of Kazakhstan will co-chair the meeting from Kazakhstan side.
The IGC meeting aims to follow up on the agenda set between India and Kazakhstan during the two visits of Prime Minister Shri Narendra Modi to Kazakhstan in July 2015 and June 2017.
During his visit, Shri Pradhan is scheduled to discuss various issues and ideas for stepping up the cooperation in energy sector, trade, economic, investment, transport & connectivity, agriculture, information technology, space, healthcare and cultural spheres between the two countries with his counterpart. The two sides are also expected to finalize a strategy and roadmap for expanding trade, economic and investment cooperation between the two countries.
The Minister is being accompanied by a delegation comprising senior officials from Ministries/Departments, including Petroleum and Natural Gas, Mines, Electronics & IT, Tourism, ISRO, Department of Atomic Energy, Indian Council of Agricultural Research and also high level executives from ONGC Videsh and Railway Board.

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