Global crude oil price of Indian Basket was US$ 45.33 per bbl on 15.01.2015

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$ 45.33 per barrel (bbl) on 15.01.2015. This was higher than the price of US$ 43.36 per bbl on previous publishing day of 14.01.2015.

In rupee terms, the price of Indian Basket increased to Rs 2799.58 per bbl on 15.01.2015 as compared to Rs 2694.82 per bbl on 14.01.2015. Rupee closed stronger at Rs 61.76 per US$ on 15.01.2015 as against Rs 62.15 per US$ on 14.01.2015.

The table below gives details in this regard:

Particulars     Unit Price on Jan 15, 2015 (Previous trading day i.e. 14.01.2015) Pricing Fortnight for 16.01.2015

(Dec 30, 2014 to Jan 13, 2015)

Crude Oil (Indian Basket) ($/bbl)    45.33              (43.36)   49.42
(Rs/bbl           2799.58           (2694.82) 3115.93
Exchange Rate   (Rs/$)               61.76               (62.15)     63.05