Global crude oil price of Indian basket falls to $95.50/barrel

The international crude oil price of Indian Basket, computed by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas fell to USD 95.50 per barrel on Monday.

Zee Media Bureau

The international crude oil price of Indian Basket, computed by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas fell to USD 95.50 per barrel on Monday.

This was lower than the price of USD 96.74 per barrel on previous publishing day of 12.09.2014 (Friday).

In rupee terms, the price of Indian Basket decreased to Rs 5824.55 per barrel on Monday as compared to Rs 5885.66 per barrel on Friday.

The Diesel under recovery has been wiped out and there is over-recovery of Rs 0.35 per litre with effect from September 16.

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