Global crude oil price of Indian Basket declines to 102.47 per bbl on 03.4.2014

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$ 102.47 per barrel (bbl) on 03.04.2014. This was lower than the price of US$ 102.68 per bbl on previous trading day of 02.04.2014

In rupee terms also, the price of Indian Basket declined to Rs 6160.50 per bbl on 03.04.2014 as compared to Rs 6124.86 per bbl on 02.04.2014. This was due to decline in price in dollar terms and rupee appreciation. Rupee closed weaker at Rs 60.12 per US$ on 03.04.2014 as against Rs 59.65 per US$ on 02.04.2014. 

The table below gives details in this regard:

Particulars	Unit	Price on April 03, 2014 (Previous trading day i.e. 02.03.2014)	For Pricing Fortnight March 13 to 26 , 2014 Effective 01.4.2014
Crude Oil (Indian Basket)	($/bbl)	102.47            (102.68)	104.71
	(Rs/bbl	6160.50          (6124.86)	6376.84
Exchange Rate	(Rs/$)	60.12              (59.65)	60.90