Global crude oil price of Indian Basket

Global crude oil price of Indian Basket increased to US$ 106.05 per bbl on 09.05.2014

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 went up to US$ 106.05 per barrel (bbl) on 09.05.2014. This was higher than the price of US$ 105.50 per bbl on previous publishing day of 08.05.2014.

In rupee terms, the price of Indian Basket increased marginally to Rs 6368.30 per bbl on 09.05.2014 as compared to Rs 6328.95 per bbl on 08.05.2014.  Rupee closed weaker at Rs 60.05 per US$ on 09.05.2014 as against Rs 59.99 per US$ on 08.05.2014. 

The table below gives details in this regard:

Particulars	Unit	Price on May 09, 2014(Previous trading day i.e. 08.05.2014)	Pricing Fortnight for 01.05.2014 (April 11 to April 28 , 2014)
Crude Oil (Indian Basket)	($/bbl)	106.05              (105.50)	106.81
	(Rs/bbl	6368.30             (6328.95)	6466.28
Exchange Rate	(Rs/$)	60.05                (59.99)	60.54