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Home News News and Press Release Month 3 2014 2014 (3) This

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Global crude oil price of Indian Basket declines marginally to 104.47 per bbl on 18.3.2014

19-3-2014

Contents

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 down to US$ 104.47 per barrel (bbl) on 18.03.2014. This was marginally lower than the price of US$ 105.36 per bbl on previous trading day of 17.03.2014

In rupee terms, price of Indian Basket decreased to Rs. 6367.45 per bbl on 18.03.2014 as compared to Rs. 6481.75 per bbl on 17.03.2014. Rupee closed stronger at Rs. 61.44 per US$ on 18.03.2014 as against Rs. 61.52 per US$ on previous trading of 17.03.2014.

The table below gives details in this regard:

Particulars	Unit	Price on March 18, 2014 (Previous trading day i.e. 17.03.2014)	For Pricing Fortnight February 27 to March 12, 2014 Effective 16.3.2014
Crude Oil (Indian Basket)	($/bbl)	104.47 (105.36)	106.18
Crude Oil (Indian Basket)	(Rs/bbl	6367.45 (6481.75)	6523.70
Exchange Rate	(Rs/$)	60.95 (61.52)	61.44

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