Business & Economy

Global crude oil price of Indian basket falls to $ 50.36/bbl

NetIndian News Network

New Delhi, May 3, 2017

The international crude oil price of the Indian basket, as computed and published today by th Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to $ 50.36 per barrel (bbl) yesterday from $ 50.43 per barrel on the previous publishing day of April 28.
An official press release said that, in rupee terms, the price of the Indian basket was Rs. 3233.78 per bbl on 02.05.2017.
The rupee closed at Rs. 64.21 per US$ on 02.05.2017, the release added.