OREANDA-NEWS. 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\$ 57.76 per barrel (bbl) on 16.12.2014. This was lower than the price of US\$ 60.10 per bbl on previous publishing day of 15.12.2014.

In rupee terms, the price of Indian Basket decreased to Rs 3662.56 per bbl on 16.12.2014 as compared to Rs 3765.27 per bbl on 15.12.2014. Rupee closed weaker at Rs 63.41 per US\$ on 16.12.2014 as against Rs 62.65 per US\$ on 15.12.2014. 

The table below gives details in this regard:

Particulars     

Unit

Price on Dec 16, 2014 (Previous trading day i.e. 15.12.2014)                                                                 

Pricing Fortnight for 16.12.2014

(Nov 27 to Dec 11, 2014)

Crude Oil (Indian Basket)

(\$/bbl)

57.76              (60.10)

67.24

(Rs/bbl

3662.56          (3765.27)

4165.52

Exchange Rate

(Rs/\$)

63.41              (62.65)

61.95