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Global Crude oil price of Indian Basket was US$ 55.24 per bbl on 9.10.2017

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Global Crude oil price of Indian Basket
Global Crude oil price of Indian Basket

The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 54.24 per barrel (bbl) on 9.10.2017. This was lower than the price of US$ 55.27 per bbl on previous publishing day of 6.10.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 3542.48 per bbl on 9.10.2017 as compared to Rs. 3605.01 per bbl on 6.10.2017. Rupee closed weaker at Rs. 65.31 per US$ on 9.10.2017 as compared to 65.23 per US$ on 6.10.2017.The table below gives details in this regard:

Particulars Unit Price on October 9, 2017 (Previous trading day i.e. 6.10.2017)
Crude Oil (Indian Basket) ($/bbl)              54.24           (55.27)
(Rs/bbl)             3542.48       (3605.01)
Exchange Rate (Rs/$)              65.31          (65.23)