Ministry of Petroleum & Natural Gas

Global Crude oil price of Indian Basket was US$ 54.53 per bbl on 26.01.2017

Posted On: 27 JAN 2017 10:18AM by PIB Delhi

 

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$ 54.53 per barrel (bbl) on 26.01.2017. This was higher than the price of US$ 54.34 per bbl on previous publishing day of 24.01.2017.

In rupee terms, the price of Indian Basket increased to Rs. 3716.41 per bbl on 26.01.2017 as compared to Rs. 3703.43 per bbl on 24.01.2017. Rupee closed at Rs. 68.16 per US$ on 26.01.2017. The table below gives details in this regard:

 

Particulars     

Unit

Price on January 26, 2017 (Previous trading day i.e. 24.01.2017)                                                                  

Pricing Fortnight for 16.01.2017

(Dec 29, 2016 to Jun 11, 2016)

Crude Oil (Indian Basket)

($/bbl)

                  54.53              (54.34)        

54.24

(Rs/bbl

                 3716.41       (3703.43)       

3691.57

Exchange Rate

  (Rs/$)

                  68.16*              

   68.06

 

* RBI reference rate for 26.01.2017 is not available. Therefore reference rate of 25.01.2017 has been considered.

 

RG/RK/Daily Crude Oil Price      

 

 



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