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\$ 54.45 per barrel (bbl) on 02.01.2015. This was higher than the price of US\$ 53.53 per bbl on previous publishing day of 01.01.2015.

In rupee terms, the price of Indian Basket increased to Rs 3446.14 per bbl on 02.01.2015 as compared to Rs 3389.52 per bbl on 01.01.2015. Rupee closed stronger at Rs 63.29 per US\$ on 02.01.2015 as against Rs 63.32 per US\$ on 01.01.2015. 

The table below gives details in this regard:

Particulars

Unit

Price on Jan 02, 2015 (Previous trading day i.e. 01.01.2015)

Pricing Fortnight for 01.01.2015

(Dec 12 to Dec 29, 2014)

Crude Oil (Indian Basket)

(\$/bbl)

54.45              (53.53)

58.12

(Rs/bbl

3446.14          (3389.52)

3676.67

Exchange Rate

(Rs/\$)

63.29              (63.32)

63.26