Global crude oil price of Indian Basket increased marginally to US$ 105.50 per bbl on 08.05.2014

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 up to US$ 105.50 per barrel (bbl) on 08.05.2014. This was higher than the price of US$ 105.11 per bbl on previous publishing day of 07.05.2014.

In rupee terms, the price of Indian Basket increased marginally to Rs 6328.95 per bbl on 08.05.2014 as compared to Rs 6310.80 per bbl on 07.05.2014.  Rupee closed stronger at Rs 59.99 per US$ on 08.05.2014 as against Rs 60.04 per US$ on 07.05.2014. 

The table below gives details in this regard:

Particulars	Unit	Price on May 08, 2014 (Previous trading day i.e. 07.05.2014)	Pricing Fortnight for01.05.2014 (April 11 to April 28 , 2014)
Crude Oil (Indian Basket)	($/bbl)	105.50              (105.11)	106.81
	(Rs/bbl	6328.95             (6310.80)	6466.28
Exchange Rate	(Rs/$)	59.99                (60.04)	60.54