New Delhi: The international crude oil price of Indian Basket as computed/published todayby Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 42.12 per barrel (bbl) on 14.11.2016. This was lower than the price of US$ 43.98 per bbl on previous publishing day of 10.11.2016.
In rupee terms, the price of Indian Basket decreased to Rs. 2823.00 per bbl on 14.11.2016 as compared to Rs. 2921.47 per bbl on 10.11.2016. Rupee closed at Rs. 67.03 per US$ on 14.11.2016.The table below gives details in this regard:
| Particulars | Unit | Price on November 14, 2016 (Previous trading day i.e. 11.11.2016) | Pricing Fortnight for 01.11.2016
(Oct 13, 2016 to Oct 26, 2016) |
| Crude Oil (Indian Basket) | ($/bbl) | 42.12 (43.98) | 49.53 |
| (Rs/bbl | 2823.00 (2921.47) | 3309.10 | |
| Exchange Rate | (Rs/$) | 67.03* | 66.81 |
* RBI reference rate for 14.11.2016 is not available. Therefore reference rate of 11.11.2016 has been considered.
