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\$ 64.79 per barrel (bbl) on 18.05.2015. This was higher than the price of US\$ 64.45 per bbl on previous publishing day of 15.05.2015.

In rupee terms, the price of Indian Basket increased to Rs 4117.40 per bbl on 18.05.2015 as compared to Rs 4097.73 per bbl on 15.05.2015. Rupee closed stronger at Rs 63.55 per US\$ on 18.05.2015 as against Rs 63.58 per US\$ on 15.05.2015. The table below gives details in this regard:

 

Particulars

Unit

Price on May 18, 2015 (Previous trading day i.e. 15.05.2015)

Pricing Fortnight for 16.05.2015

(April 29 to May 13, 2015)

Crude Oil (Indian Basket)

(\$/bbl)

64.79              (64.45)

64.51

(Rs/bbl

4117.40          (4097.73)

4115.09

Exchange Rate

(Rs/\$)

63.55             (63.58)

63.79