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$ 24.96 per barrel (bbl) on 18.01.2016. This was lower than the price of US$ 26.40 per bbl on previous publishing day of 15.01.2016.

In rupee terms, the price of Indian Basket decreased to Rs 1687.27 per bbl on 18.01.2016 as compared to Rs 1780.00 per bbl on 15.01.2016. Rupee closed weaker at Rs 67.59 per US$ on 18.01.2016 as against Rs 67.43 per US$ on 15.01.2016. The table below gives details in this regard:

 

Particulars

Unit

Price on January 18, 2016 (Previous trading day i.e. 15.01.2016)

Pricing Fortnight for 16.01.2016

(Dec 30 to Jan 13, 2016)

Crude Oil (Indian Basket)

($/bbl)

24.96            (26.40)

30.63

(Rs/bbl

1687.27         (1780.00)

2040.26

Exchange Rate

(Rs/$)

67.59             (67.43)

66.81