Global Crude oil price of Indian Basket was US$ 26.40 per bbl on 15.01.2016
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$ 26.40 per barrel (bbl) on 15.01.2016. This was lower than the price of US$ 26.43 per bbl on previous publishing day of 14.01.2016.
In rupee terms, the price of Indian Basket increased to Rs 1780.00 per bbl on 15.01.2016 as compared to Rs 1773.19 per bbl on 14.01.2016. Rupee closed weaker at Rs 67.43 per US$ on 15.01.2016 as against Rs 67.10 per US$ on 14.01.2016. The table below gives details in this regard:
| Particulars | Unit | Price on January 15, 2016(Previous trading day i.e. 14.01.2016) | Pricing Fortnight for 16.01.2016 (Dec 30 to Jan 13, 2016) |
| Crude Oil (Indian Basket) | ($/bbl) | 26.40 (26.43) | 30.63 |
| (Rs/bbl | 1780.00 (1773.19) | 2040.26 | |
| Exchange Rate | (Rs/$) | 67.43 (67.10) | 66.81 |
Source : Ministry of Petroleum & Natural Gas 18-January, 2016