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$ 43.78 per barrel (bbl) on 11.11.2015. This was lower than the price of US$ 44.30 per bbl on previous publishing day of 10.11.2015.

In rupee terms, the price of Indian Basket decreased to Rs 2904.49 per bbl on 11.11.2015 as compared to Rs 2939.59 per bbl on 10.11.2015. Rupee closed at Rs 66.35 per US$ on 11.11.2015. The table below gives details in this regard:

 

Particulars

Unit

Price on November 11, 2015 (Previous trading day i.e. 10.11.2015)

Pricing Fortnight for 01.11.2015

(Oct 14 to Oct 28, 2015)

Crude Oil (Indian Basket)

($/bbl)

43.78            *(44.30)

45.55

(Rs/bbl

2904.49         (2939.59)

2958.93

Exchange Rate

(Rs/$)

**66.35

64.96

*  Since Oman & Dubai prices are not available due holiday in Singapore on 10.11.2015, the price of Indian Basket Crude oil cannot be derived. Therefore, price of Indian Basket as of 09.11.2015 has been considered.

 

**  RBI reference rate for 11.11.2015 is not available. Therefore reference rate of 10.11.2015 has been considered.