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$ 46.72 per barrel (bbl) on 18.05.2016. This was higher than the price of US$ 46.62 per bbl on previous publishing day of 17.05.2016.
In rupee terms, the price of Indian Basket increased to Rs. 3126.44 per bbl on 18.05.2016 as compared to Rs. 3110.66 per bbl on 17.05.2016. Rupee closed weaker at Rs 66.91 per US$ on 18.05.2016 as against Rs 66.72 per US$ on 17.05.2016. The table below gives details in this regard:
|Particulars||Unit||Price on May 18, 2016 (Previous trading day i.e. 17.05.2016)||Pricing Fortnight for 16.05.2016
(28 Apr to 11 May, 2016)
|Crude Oil (Indian Basket)||($/bbl)||46.72 (46.62)||43.00|
|Exchange Rate||(Rs/$)||66.91 (66.72)||66.50|