The crude price is further reduced meaning Petrol prices may be reduced further if it continues like this:
Global crude oil price of Indian Basket was US$ 99.69 per bbl on 03.09.2014
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 was US$ 99.69 per barrel (bbl) on 03.09.2014. This was lower than the price of US$ 100.45 per bbl on previous publishing day of 02.09.2014.
In...
more... rupee terms, the price of Indian Basket decreased to Rs 6035.23 per bbl on 03.09.2014 as compared to Rs 6088.27 per bbl on 02.09.2014. Rupee closed stronger at Rs 60.54 per US$ on 03.09.2014 as against Rs 60.61 per US$ on 02.09.2014.
The table below gives details in this regard:
Particulars
Unit
Price on Sep 03, 2014 (Previous trading day i.e. 02.09.2014)
Pricing Fortnight for 01.09.2014
(13 to Aug 26, 2014)
Crude Oil (Indian Basket)
($/bbl)
99.69 (100.45)
100.71
(Rs/bbl
6035.23 (6088.27)
6116.12
Exchange Rate
(Rs/$)
60.54 (60.61)
60.73