Thursday, 3 April 2014

Global crude oil price of Indian Basket declines to 104.56 per bbl on 01.4.2014

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$ 104.56 per barrel (bbl) on 01.04.2014. This was lower than the price of US$ 105.14 per bbl on previous trading day of 31.03.2014
In rupee terms also, the price of Indian Basket declined to Rs 6284.06 per bbl on 01.04.2014 as compared to Rs 6318.91 per bbl on 31.03.2014. This was due to decline in price in dollar terms. Rupee-dollar exchange rate remained unchanged at Rs 60.10 per US$ on 01.04.2014 as against Rs 60.10 per US$ on 01.04.2014 as it prevailed on previous trading of 31.03.2014. 
The table below gives details in this regard:
Price on April 01, 2014(Previous trading day i.e. 31.03.2014)                                                                   
 For Pricing Fortnight March 13 to 27 , 2014  Effective 01.4.2014
Crude Oil (Indian Basket)
104.56            (105.14)
6284.06          (6318.91)
Exchange Rate
60.10              (60.10)

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