Home India Global Crude oil price of Indian Basket was US$ 51.34 per bbl...

Global Crude oil price of Indian Basket was US$ 51.34 per bbl on…

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 was US$ 51.34 per barrel (bbl) on 04.09.2017. This was higher than the price of US$ 50.32* per bbl on previous publishing
day of 01.09.2017.

In rupee terms, the price of Indian Basket increased to Rs. 3288.10
per bbl on 04.09.2017 as compared to Rs. 3219.57 per bbl on 01.09.2017.
Rupee closed weaker at Rs. 64.05 per
US$ on 04.09.2017 as compared to Rs.
63.98 per
US$ on 01.09.2017
. The table below gives details in this
regard:





Particulars

Unit

Price
on September 04, 2017 (
Previous trading day i.e. 01.09.2017)

Crude
Oil (Indian Basket)

($/bbl)

             51.34           (50.32)*

(Rs/bbl)

            3288.10        (3219.57)

Exchange
Rate

(Rs/$)

             64.05           (63.98)

 

* Since Oman and Dubai
prices were not available due to holiday in Singapore on 01.09.2017, the price
of Indian Basket Crude Oil could not be derived. Therefore, price of Indian
basket as of 31.08.2017 had been considered.

 

KM/SA Daily Crude Oil Price