Global Crude oil price for Indian basket goes down – 4 May 2016

The International Crude Oil price of Indian Basket as reported by (PPAC) under the Ministry of Petroleum and Natural Gas was reported at USD 43.05 per barrel on May 3, 2016. This was lower than price of USD 44.59 per barrel on May 2, 2016.

In Rupee terms, the price of Indian Basket decreased to Rs 2852.72 per barrel on May 3, 2016 as compared to Rs 2958.23 per barrel on May 2, 2016.