Indian Basket of crude oil at US$ 28.34 per bbl on Feb 12, 2016

Indian Basket of crude oil at US$ 28.34 per bbl on Feb 12, 2016

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$ 28.34 per barrel (bbl) on 12.02.2016. This was higher than the price of US$ 26.95 per bbl on previous publishing day of 11.02.2016.

In rupee terms, the price of Indian Basket increased to Rs 1939.52 per bbl on 12.02.2016 as compared to Rs 1833.30 per bbl on 11.02.2016. Rupee closed weaker at Rs 68.44 per US$ on 12.02.2016 as against Rs 68.02 per US$ on 11.02.2016. The table below gives details in this regard:

Particulars      Unit Price on February 12, 2016 (Previous trading day i.e. 11.02.2016) Pricing Fortnight for 01.02.2016

(14 Jan to 27 Jan, 2016)

Crude Oil (Indian Basket) ($/bbl)               28.34             (26.95)   26.05
(Rs/bbl           1939.52         (1833.30) 1763.06
Exchange Rate   (Rs/$)               68.44             (68.02)     67.68