Global Crude oil price of Indian basket at USD 52.73 per bbl

India Infoline News Service | Mumbai | September 12, 2017 15:47 IST

The international crude oil price of Indian Basket as computed/published on Tuesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was USD 52.73 per barrel (bbl) on September 11.

The international crude oil price of Indian Basket as computed/published on Tuesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was USD 52.73 per barrel (bbl) on September 11.

This was lower than the price of USD 53.63 per bbl on previous publishing day of September 8. In rupee terms, the price of Indian Basket decreased to Rs 3,368.39 per bbl on September 11 as compared to Rs 3,424.94 per bbl on September 8.

The rupee closed weaker at Rs 63.89 per USD on September 11 as compared to Rs 63.87 per USD on September 8.

Oil prices rose on Monday as key US refineries began following Hurricane Harvey, which may help revive crude oil processing, while fuel prices fell as Hurricane Irma is likely to clip demand for gasoline and diesel.

The possibility of an extension to the 15-month production pact between members of the Organization of the Petroleum Exporting Countries and non-OPEC producers also helped to support prices.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.