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:
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)
105.46            (105.81)
6454.15          (6453.35)
Exchange Rate
61.20              (60.99)

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