Wednesday, 30 April 2014

Global crude oil price of Indian Basket decreased marginally to US$ 107.56 per bbl on 28.4.2014

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$ 107.56 per barrel (bbl) on 28.04.2014. This was lower than the price of US$ 107.59 per bbl on previous publishing day of 25.04.2014.
In rupee terms, the price of Indian Basket decreased marginally to Rs 6507.38 per bbl on 28.04.2014 as compared to Rs 6575.90 per bbl on 25.04.2014. This was due to decrease in price in dollar terms and rupee appreciation. Rupee closed stronger at Rs 60.50 per US$ on 28.04.2014 as against Rs 61.12 per US$ on 25.04.2014. 
The table below gives details in this regard:
Price on April 28, 2014 (Previous publishing day i.e. 25.04.2014)                                                                   
 For Pricing Fortnight effective 16.4.2014
(27 March  to 10 April , 2014)
Crude Oil (Indian Basket)
107.56           (107.59)
6507.38          (6575.90)
Exchange Rate
60.50             (61.12)

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