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$ 51.82 per barrel (bbl) on 10.08.2017. This was higher than the price of US$ 51.59* per bbl on previous publishing day of 09.08.2017.
In rupee terms, the price of Indian Basket increased to Rs. 3313.36 per bbl on 10.08.2017 as compared to Rs. 3288.67 per bbl on 09.08.2017. Rupee closed weaker at Rs. 63.94 per US$ on 10.08.2017 as compared to Rs. 63.75 per US$ on 09.08.2017. The table below gives details in this regard:
|Particulars||Unit||Price on August 10, 2017 Previous trading day i.e. (09.08.2017)|
|Crude Oil (Indian Basket)||($/bbl)||51.82 51.59*|
|Exchange Rate||(Rs/$)||63.94 (63.75)|
Since Oman & Dubai prices were not available due to holiday in Singapore on 9.8.2017, the price of Indian basket crude oil could not be derived therefore, price of Indian basket as of 8.8.2017 had been considered.