Global crude oil price of Indian Basket increased marginally to US$ 107.59 per bbl on 29.05.2014

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 US$ 107.59 per barrel (bbl) on 29.05.2014. This was higher than the price of US$ 107.51 per bbl on previous publishing day of 28.05.2014.

In rupee terms, the price of Indian Basket decreased marginally to Rs 6330.60 per bbl on 29.05.2014 as compared to Rs 6351.69 per bbl on 28.05.2014.  Rupee closed stronger at Rs 58.84 per US$ on 29.05.2014 as against Rs 59.08 per US$ on 28.05.2014. 

The table below gives details in this regard:

Particulars	Unit	Price on May 29, 2014 (Previous trading day i.e. 28.05.2014)	Pricing Fortnight for 16.05.2014 (April 29 to May 13 , 2014)
Crude Oil (Indian Basket)	($/bbl)	107.59              (107.51)	105.80
	(Rs/bbl	6330.60             (6351.69)	6358.58
Exchange Rate	(Rs/$)	58.84               (59.08)	60.10