Tuesday, 27 May 2014

Global crude oil price of Indian Basket decreased marginally to US$ 108.05 per bbl on 23.05.2014

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 down to US$ 108.05 per barrel (bbl) on 23.05.2014. This was lower than the price of US$ 108.28 per bbl on previous publishing day of 22.05.2014.
In rupee terms, the price of Indian Basket decreased marginally to Rs 6318.76 per bbl on 23.05.2014 as compared to Rs 6341.96 per bbl on 22.05.2014.  Rupee closed stronger at Rs 58.48 per US$ on 23.05.2014 as against Rs 58.57 per US$ on 22.05.2014. 
The table below gives details in this regard:
Price on May 23, 2014 (Previous trading day i.e. 22.05.2014)                                                                   
Pricing Fortnight for16.05.2014 (April 29 to May 13 , 2014)
Crude Oil (Indian Basket)
108.05              (108.28)
6318.76             (6341.96)
Exchange Rate
58.48               (58.57)

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