Saturday, 15 March 2014

Global crude oil price of Indian Basket declines marginally to 105.04 per bbl on 13.3.2014

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$ 105.04 per barrel (bbl) on 13.03.2014. This was   marginally lower than the price of US$ 105.05 per bbl on previous trading day of 12.03.2014
In rupee terms, price of Indian Basket marginally decreased to Rs 6409.54 per bbl on 13.03.2014 as compared to Rs 6417.50 per bbl on 12.03.2014. Rupee closed stronger at Rs 61.02 per US$ on 13.03.2014 as against Rs 61.09 per US$ on previous trading of 12.03.2014. 
The table below gives details in this regard:
Price on March  13, 2014(Previous trading day i.e. 12.03.2014)                                                                   
 For Pricing Fortnight February 13 to 12, 2014 Effective 01.3.2014
Crude Oil (Indian Basket)
105.04            (105.05)
6409.54          (6417.50)
Exchange Rate
61.02              (61.09)

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