Thursday, 13 March 2014

Global crude oil price of Indian Basket declines to 105.46 per bbl on 10.3.2014

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 went down to US$ 105.46 per barrel (bbl) on 10.03.2014. This was lower than the price of US$ 105.81 per bbl on previous trading day of 7.03.2014
 In rupee terms, on the contrary bucked the trend due to weaker rupee as the price of Indian Basket increased a fraction to Rs 6454.15 per bbl on 10.03.2014 as compared to Rs 6453.35 per bbl on 07.03.2014. Rupee closed weaker at Rs 61.20 per US$ on 10.03.2014 as against Rs 60.99 per US dollar on previous trading of 07.03.2014. 
The table below gives details in this regard:
Particulars     
Unit
Price on March  10, 2014 (Previous trading day i.e. 07.03.2014)                                                                  
 For Pricing Fortnight February 13 to 12, 2014  Effective 01.3.2014
Crude Oil (Indian Basket)
($/bbl)
105.46            (105.81)
107.14
(Rs/bbl
6454.15          (6453.35)
6655.54
Exchange Rate
  (Rs/$)
61.20              (60.99)
62.12

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