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\$ 52.11 per barrel (bbl) on 16.03.2015. This was lower than the price of US\$ 54.56 per bbl on previous publishing day of 13.03.2015.

In rupee terms, the price of Indian Basket decreased to Rs 3273.55 per bbl on 16.03.2015 as compared to Rs 3419.28 per bbl on 13.03.2015. Rupee closed weaker at Rs62.82 per US\$ on 16.03.2015 as against Rs 62.67 per US\$ on 13.03.2015.

 The table below gives details in this regard:

Particulars    

Unit

Price on March 16, 2015 (Previous trading day i.e. 13.03.2015)                                                                 

Pricing Fortnight for 16.03.2015

(Feb 26 to Mar 11, 2015)

Crude Oil (Indian Basket)

(\$/bbl)

   52.11             (54.56)   

  58.21

(Rs/bbl

          3273.55          (3419.28)      

3618.92

Exchange Rate

  (Rs/\$)

              62.82              (62.67)         

    62.17