Global crude oil price of Indian basket falls to $ 50.44/bbl
New Delhi, March 20, 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, fell to $ 50.44 per barrel (bbl) on March 17 from $ 50.76 per bbl on the previous day.
An official press release said that, in rupee terms, the price of the Indian basket decreased to Rs. 3305.67 per bbl on 17.03.2017 as compared to Rs. 3318.91 per bbl on 16.03.2017.
The rupee closed weaker at Rs. 65.54 per US$ on 17.03.2017 as compared to Rs. 65.38 per US$ on 16.03.2017, it added.