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\$ 59.05 per barrel (bbl) on 16.02.2015. This was higher than the price of US\$ 58.43 per bbl on previous publishing day of 13.02.2015.

In rupee terms, the price of Indian Basket increased to Rs 3672.91 per bbl on 16.02.2015 as compared to Rs 3630.84 per bbl on 13.02.2015. Rupee closed weaker at Rs 62.20 per US\$ on 16.02.2015 as against Rs 62.14 per US\$ on 13.02.2015.

 The table below gives details in this regard:

Particulars

Unit

Price on Feb 16, 2015 (Previous trading day i.e. 13.02.2015)

Pricing Fortnight for 16.02.2015

(Jan 29 to Feb 11, 2015)

Crude Oil (Indian Basket)

(\$/bbl)

59.05              (58.43)

52.70

(Rs/bbl

3672.91          (3630.84)

3258.97

Exchange Rate

(Rs/\$)

62.20              (62.14)

61.84