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\$ 58.22 per barrel (bbl) on 18.12.2014. This was higher than the price of US\$ 57.29 per bbl on previous publishing day of 17.12.2014.

In rupee terms, the price of Indian Basket increased to Rs 3686.49 per bbl on 18.12.2014 as compared to Rs 3642.50 per bbl on 17.12.2014. Rupee closed stronger at Rs 63.32 per US\$ on 18.12.2014 as against Rs 63.58 per US\$ on 17.12.2014. 

The table below gives details in this regard:

Particulars

Unit

Price on Dec 18, 2014 (Previous trading day i.e. 17.12.2014)

Pricing Fortnight for 16.12.2014

(Nov 27 to Dec 11, 2014)

Crude Oil (Indian Basket)

(\$/bbl)

58.22              (57.29)

67.24

(Rs/bbl

3686.49          (3642.50)

4165.52

Exchange Rate

(Rs/\$)

63.32              (63.58)

61.95