Business & Economy

Global crude oil price of Indian basket rises to $ 50.97/bbl

NetIndian News Network

New Delhi, August 22, 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, rose to $ 50.97 per barrel (bbl) yesterday from $ 49.75 per bbl on the previous publishing day of August 18.
An official press release said that, in rupee terms, the price of the Indian basket increased to Rs. 3263.64 per bbl on 21.08.2017 as compared to Rs. 3188.96 per bbl on 18.08.2017. 
The rupee closed stronger at Rs. 64.03 per US$ on 21.08.2017 as compared to Rs. 64.10 per US$ on 18.08.2017, the release added.