Global crude oil price of Indian basket rises to $ 50.76/bbl
New Delhi, March 17, 2017
The international crude oil price of the Indian basket, as computed and published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, rose to $ 50.76 per barrel (bbl) yesterday from $ 50.25per bbl on the previous day.
An official press release said that, in rupee terms, the price of the Indian basket increased to Rs. 3318.91 per bbl on 16.03.2017 as compared to Rs. 3292.37 per bbl on 15.03.2017.
The rupee closed stronger at Rs. 65.38 per US$ on 16.03.2017 as compared to Rs. 65.51 per US$ on 15.03.2017, the release added.