Global crude oil price of Indian Basket was US$ 82.83 per bbl on 16.10.2014

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$ 82.83 per barrel (bbl) on 16.10.2014. This was lower than the price of US$ 83.85 per bbl on previous publishing day of 15.10.2014.

In rupee terms, the price of Indian Basket decreased to Rs 5092.39 per bbl on 16.10.2014 as compared to Rs 5124.07 per bbl on 15.10.2014. Rupee closed weaker at Rs 61.48 per US$ on 16.10.2014 as against Rs 61.11 per US$ on 14.10.2014. 

The table below gives details in this regard:

Particulars	Unit	Price on Oct 16, 2014 (Previous trading day i.e. 15.10.2014)	Pricing Fortnight for 16.10.2014 (Sep 27 to Oct 10, 2014)
Crude Oil (Indian Basket)	($/bbl)	82.83            (83.85)	92.02
	(Rs/bbl	5092.39           (5124.07)	5650.03
Exchange Rate	(Rs/$)	61.48               (61.11)	61.40

  MJPS/Daily Crude oil price- 17.10.2014      

-- Source PIB