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$ 26.87 per barrel (bbl) on 22.01.2016. This was higher than the price of US$ 24.47 per bbl on previous publishing day of 21.01.2016.
In rupee terms, the price of Indian Basket increased to Rs 1820.43 per bbl on 22.01.2016 as compared to Rs 1665.18 per bbl on 21.01.2016. Rupee closed stronger at Rs 67.75 per US$ on 22.01.2016 as against Rs 68.06 per US$ on 21.01.2016. The table below gives details in this regard:
|Particulars||Unit||Price on January 22, 2016 (Previous trading day i.e. 21.01.2016)||Pricing Fortnight for 16.01.2016
(Dec 30 to Jan 13, 2016)
|Crude Oil (Indian Basket)||($/bbl)||26.87 (24.47)||30.63|
|Exchange Rate||(Rs/$)||67.75 (68.06)||66.61|