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$ 45.07 per barrel (bbl) on 12.05.2016. This was higher than the price of US$ 43.16 per bbl on previous publishing day of 11.05.2016.

In rupee terms, the price of Indian Basket increased to Rs. 3001.46 per bbl on 12.05.2016 as compared to Rs. 2878.70 per bbl on 11.05.2016. Rupee closed stronger at Rs 66.60 per US$ on 12.05.2016 as against Rs 66.70 per US$ on 11.05.2016. The table below gives details in this regard:

 

Particulars    

Unit

Price on May 12, 2016 (Previous trading day i.e. 11.05.2016)                                                                  

Pricing Fortnight for 01.05.2016

(13 Apr to 27 Apr, 2016)

Crude Oil (Indian Basket)

($/bbl)

                45.07                (43.16)         

   41.08

(Rs/bbl

             3001.46            (2878.70)       

2732.23

Exchange Rate

  (Rs/$)

                66.60                (66.70)

   66.51