Friday, 16 May 2014

Global crude oil price of Indian Basket increased to US$ 106.99 per bbl on 14.05.2014

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$ 106.99 per barrel (bbl) on 14.05.2014. This was higher than the price of US$ 105.58 per bbl on previous publishing day of 12.05.2014.
In rupee terms, the price of Indian Basket increased to Rs 6406.56 per bbl on 14.05.2014 as compared to Rs 6306.29 per bbl on 12.05.2014.  Rupee closed weaker at Rs 59.88 per US$ on 14.05.2014 as against Rs 59.73 per US$ on 12.05.2014. 
The table below gives details in this regard:
Price on May 14, 2014(Previous trading day i.e. 12.05.2014)
Pricing Fortnight for 01.05.2014 (April 11 to April 28 , 2014)
Crude Oil (Indian Basket)
106.99              (105.58)
6406.56             (6306.29)
Exchange Rate
59.88                (59.73)

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