Crude oil price for Indian basket decline on May 4, 2016 – 5 May 2016

The International Crude Oil price of Indian Basket as assessed by (PPAC) under the Ministry of Petroleum and Natural Gas was noted at around $42.26 per barrel on May 4, 2016. This was lower than price of USD 43.05 per barrel on May 3, 2016.

In Rupee terms, the price of Indian Basket declined to Rs 2811.68 per barrel on May 4, 2016 as compared to Rs 2852.72 per barrel on May 3, 2016.