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$ 51.04* per barrel (bbl) on 28.08.2017.
In rupee terms, the price of Indian Basket decreased to Rs. 3259.93 per bbl on 28.08.2017 as compared to Rs. 3270.01 per bbl on 25.08.2017. Rupee closed stronger at Rs. 63.87 per US$ on 28.08.2017 as compared to Rs. 64.07 per US$ on 25.08.2017. The table below gives details in this regard:
| Particulars | Unit | Price on August 28, 2017 Previous trading day i.e. (25.08.2017) |
| Crude Oil (Indian Basket) | ($/bbl) | 51.04* |
| (Rs/bbl) | 3259.93 (3270.01) | |
| Exchange Rate | (Rs/$) | 63.87 64.07 |
*Due to holiday in UK on 28.08.2017, the quotes for Brent are not available. Since Brent prices are not available, the price of Indian basket Crude oil cannot be derived, Hence Indian Basket prices of 25.08.2017 have been considered.
