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\$ 45.24 per barrel (bbl) on 16.01.2015. This was lower than the price of US\$ 45.33 per bbl on previous publishing day of 15.01.2015.

In rupee terms, the price of Indian Basket increased to Rs 2799.90 per bbl on 16.01.2015 as compared to Rs 2799.58 per bbl on 15.01.2015. Rupee closed weaker at Rs 61.89 per US\$ on 16.01.2015 as against Rs 61.76 per US\$ on 15.01.2015.

The table below gives details in this regard:

Particulars    

Unit

Price on Jan 16, 2015 (Previous trading day i.e. 15.01.2015)                                                                 

Pricing Fortnight for 16.01.2015

(Dec 30, 2014 to Jan 13, 2015)

Crude Oil (Indian Basket)

(\$/bbl)

   45.24             (45.33)   

  49.42

(Rs/bbl

          2799.90           (2799.58)      

3115.93

Exchange Rate

  (Rs/\$)

              61.89              (61.76)         

    63.05