Business & Economy

Global crude oil price of Indian basket rises to $ 43.04/bbl

NetIndian News Network

New Delhi, May 6, 2016

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 $ 43.04 per barrel (bbl) yesterday from $ 42.26 per bbl on the previous day.
An official press release said here today that, in rupee terms, the price of the Indian basket increased to Rs. 2862.28 per bbl on 05.05.2016 as compared to Rs. 2811.68 per bbl on 04.05.2016. 
The rupee closed stronger at Rs 66.51 per US$ on 05.05.2016 as against Rs 66.54 per US$ on 04.05.2016, it added.