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$ 105.20 per barrel (bbl) on 07.03.2014. This was higher than the price of US$ 105.20 per bbl on previous trading day of 6.03.2014
In rupee terms also, the price of Indian Basket increased marginally to Rs 6453.35 per bbl on 07.03.2014 as compared to Rs 6450.86 per bbl on 06.03.2014. This was due to increase in price in dollar terms and helped by the marginal rupee depreciation. Rupee closed stronger at Rs 60.99 per US$ on 07.03.2014 as against Rs 61.32 per US dollar on previous trading of 06.03.2014.
The table below gives details in this regard:
Price on March 07, 2014(Previous trading day i.e. 06.03.2014)
For Pricing Fortnight February 13 to 12, 2014 Effective 01.3.2014
Crude Oil (Indian Basket)
RCJ/Daily Crude oil price- 10.03.2014