Global Crude oil price of Indian Basket was US$ 47.75 per bbl on 18.08.2016
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$ 47.75 per barrel (bbl) on 18.08.2016. This was higher than the price of US$ 46.74 per bbl on previous publishing day of 17.08.2016.
In rupee terms, the price of Indian Basket increased to Rs. 3189.36 per bbl on 18.08.2016 as compared to Rs. 3126.79 per bbl on 17.08.2016. Rupee closed stronger at Rs. 66.79 per US$ on 18.08.2016 as against Rs. 66.90 per US$ on 17.08.2016. The table below gives details in this regard:
|Particulars||Unit||Price on August 18, 2016 (Previous trading day i.e. 17.08.2016)||Pricing Fortnight for 16.08.2016
(July 28, 2016 to Aug 10, 2016)
|Crude Oil (Indian Basket)||($/bbl)||47.75 (46.74)||40.73|
|Exchange Rate||(Rs/$)||66.79 (66.90)||66.87|