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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
01-February-2016 12:23 IST
Global Crude oil price of Indian Basket was US$ 31.05 per bbl on 29.01.2016

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$ 31

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$ 31.05 per barrel (bbl) on 29.01.2016. This was higher than the price of US$ 29.95 per bbl on previous publishing day of 28.01.2016.

In rupee terms, the price of Indian Basket increased to Rs 2107.56 per bbl on 29.01.2016 as compared to Rs 2038.91 per bbl on 28.01.2016. Rupee closed stronger at Rs 67.88 per US$ on 29.01.2016 as against Rs 68.09 per US$ on 28.01.2016. The table below gives details in this regard:

 

Particulars    

Unit

Price on January 29, 2016 (Previous trading day i.e. 28.01.2016)                                                                  

Pricing Fortnight for 01.02.2016

(14 Jan to 27 Jan, 2016)

Crude Oil (Indian Basket)

($/bbl)

            31.05 (29.95 )              

  26.05

(Rs/bbl

            2107.56 (2038.91)       

1763.06

Exchange Rate

  (Rs/$)

           67.88   (68.09)

    67.68

 

 

YKB/ Daily Crude Oil Price- 01.02.2016