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$ 25.31 per barrel (bbl) on 19.01.2016. This was higher than the price of US$ 24.96 per bbl on previous publishing day of 18.01.2016.
In rupee terms, the price of Indian Basket increased to Rs 1710.29 per bbl on 19.01.2016 as compared to Rs 1687.27 per bbl on 18.01.2016. Rupee closed stronger at Rs 67.56 per US$ on 19.01.2016 as against Rs 67.59 per US$ on 18.01.2016. The table below gives details in this regard:
|Particulars||Unit||Price on January 19, 2016(Previous trading day i.e. 18.01.2016)||Pricing Fortnight for 16.01.2016
(Dec 30 to Jan 13, 2016)
|Crude Oil (Indian Basket)||($/bbl)||25.31 (24.96)||30.63|
|Exchange Rate||(Rs/$)||67.56 (67.59)||66.81|