Ministry of Petroleum & Natural Gas

Global Crude oil price of Indian Basket was US$ 49.64 per bbl on 23.03.2017

Posted On: 24 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$ 49.64 per barrel (bbl) on 23.03.2017. This was higher than the price of US$ 49.44 per bbl on previous publishing day of 22.03.2017.

In rupee terms, the price of Indian Basket increased to Rs. 3247.61 per bbl on 23.03.2017 as compared to Rs. 3237.55 per bbl on 22.03.2017. Rupee closed stronger at Rs. 65.42 per US$ on 23.03.2017 as compared to Rs. 65.49 per US$ on 22.03.2017. The table below gives details in this regard:

 

Particulars     

Unit

Price on March 23, 2017 (Previous trading day i.e. 22.03.2017)                                                                  

Pricing Fortnight for 16.03.2017

(Feb 25, 2017 to March 13, 2017)

Crude Oil (Indian Basket)

($/bbl)

                  49.64             (49.44)       

53.70

(Rs/bbl

                 3247.61        (3237.55)       

3583.94

Exchange Rate

  (Rs/$)

                  65.42             (65.49)

66.74

 

RG/SA Daily Crude Oil Price      

 

 


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