Global crude oil price of Indian Basket decreased marginally to US$ 110.42 per bbl on 16.06.2014

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$ 110.42 per barrel (bbl) on 16.06.2014. This was lower than the price of US$ 110.54 per bbl on previous publishing day of 13.06.2014.

In rupee terms, the price of Indian Basket increased to Rs 6626.30 per bbl on 16.06.2014 as compared to Rs 6574.92 per bbl on 13.06.2014.  Rupee closed weaker at Rs 60.01 per US$ on 16.06.2014 as against Rs 59.48 per US$ on 13.06.2014.

The table below gives details in this regard:

Particulars Unit Price on June 16, 2014(Previous trading day i.e. 13.06.2014) Pricing Fortnight for 16.06.2014(May 29 to June 11, 2014)
Crude Oil (Indian Basket) ($/bbl) 110.42            (110.54) 106.72
(Rs/bbl 6626.30           (6574.92) 6314.62
Exchange Rate (Rs/$) 60.01              (59.48) 59.17


  YKB/Daily Crude oil price- 17.06.2014