Ministry of Petroleum & Natural Gas

Global Crude oil price of Indian Basket was US$ 54.82 per bbl on 02.03.2017

Posted On: 03 MAR 2017 10:41AM 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$ 54.82 per barrel (bbl) on 02.03.2017. This was lower than the price of US$ 55.33 per bbl on previous publishing day of 01.03.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 3658.54 per bbl on 02.03.2017 as compared to Rs. 3698.40 per bbl on 01.03.2017. Rupee closed stronger at Rs. 66.74 per US$ on 02.03.2017 as compared to Rs. 66.85 per US$ on 01.03.2017. The table below gives details in this regard:

 

 

Particulars     

Unit

Price on March 02, 2017 (Previous trading day i.e. 01.03.2017)                                                                  

Pricing Fortnight for 01.03.2017

(Feb 14, 2017 to Feb 24, 2017)

Crude Oil (Indian Basket)

($/bbl)

                  54.82             (55.33)       

54.93

(Rs/bbl

                 3658.54        (3698.40)       

3677.56

Exchange Rate

  (Rs/$)

                  66.74              (66.85)

66.95

 

 

RG/RK/SA Daily Crude Oil Price      

 


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