Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
29-March-2017 10:28 IST
Global Crude oil price of Indian Basket was US$ 49.91 per bbl on 28.03.2017

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$ 49.91 per barrel (bbl) on 28.03.2017. This was higher than the price of US$ 49.41 per bbl on previous publishing day of 27.03.2017.

In rupee terms, the price of Indian Basket increased to Rs. 3248.46 per bbl on 28.03.2017 as compared to Rs. 3215.78 per bbl on 27.03.2017. Rupee closed at Rs. 65.09* per US$ on 28.03.2017. The table below gives details in this regard:




Price on March 28, 2017 (Previous trading day i.e. 27.03.2017)                                                                  

Pricing Fortnight for 16.03.2017

(Feb 25, 2017 to March 13, 2017)

Crude Oil (Indian Basket)


                  49.91             (49.41)       



                 3248.46        (3215.78)       


Exchange Rate





*RBI reference rate for 28.03.2017 is not available. Therefore reference rate of 27.03.2017 has been considered.

RG/SA Daily Crude Oil Price