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\$ 55.01 per barrel (bbl) on 11.03.2015. This was lower than the price of US\$ 55.93 per bbl on previous publishing day of 10.03.2015.

In rupee terms, the price of Indian Basket decreased to Rs 3451.88 per bbl on 11.03.2015 as compared to Rs 3506.81 per bbl on 10.03.2015. Rupee closed weaker at Rs 62.75 per US\$ on 11.03.2015 as against Rs 62.70 per US\$ on 10.03.2015.

 The table below gives details in this regard:

Particulars     

Unit

Price on March 11, 2015 (Previous trading day i.e. 10.03.2015)                                                                 

Pricing Fortnight for 01.03.2015

(Feb 12 to Feb 25, 2015)

Crude Oil (Indian Basket)

(\$/bbl)

55.01              (55.93)

57.84

(Rs/bbl

3451.88          (3506.81)

3598.80

Exchange Rate

(Rs/\$)

62.75              (62.70)

62.22