Thursday, 20 March 2014

Global crude oil price of Indian Basket declines marginally to 104.47 per bbl on 18.3.2014

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$ 104.47 per barrel (bbl) on 18.03.2014. This was marginally lower than the price of US$ 105.36 per bbl on previous trading day of 17.03.2014
In rupee terms, price of Indian Basket decreased to Rs 6367.45 per bbl on 18.03.2014 as compared to Rs 6481.75 per bbl on 17.03.2014. Rupee closed stronger at Rs 61.44 per US$ on 18.03.2014 as against Rs 61.52 per US$ on previous trading of 17.03.2014.
The table below gives details in this regard:
Price on March 18, 2014(Previous trading day i.e. 17.03.2014)
For Pricing Fortnight February 27 to March 12, 2014 Effective 16.3.2014
Crude Oil (Indian Basket)
104.47    (105.36)
6367.45     (6481.75)
Exchange Rate
60.95     (61.52)

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