New Delhi: 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$ 49.54 per barrel (bbl) on 24.10.2016. This was higher than the price of US$ 49.41 per bbl on previous publishing day of 21.10.2016.
In rupee terms, the price of Indian Basket increased to Rs. 3312.04 per bbl on 24.10.2016 as compared to Rs. 3305.32 per bbl on 21.10.2016. Rupee closed stronger at Rs. 66.86 per US$ on 24.10.2016 as against Rs. 66.89 per US$ on 21.10.2016. The table below gives details in this regard:
| Particulars | Unit | Price on October 24, 2016 (Previous trading day i.e. 21.09.2016) | Pricing Fortnight for 16.10.2016
(Sep 29, 2016 to Oct 12, 2016) |
| Crude Oil (Indian Basket) | ($/bbl) | 49.54 (49.41) | 48.69 |
| (Rs/bbl | 3312.04 (3305.32) | 3243.24 | |
| Exchange Rate | (Rs/$) | 66.86 (66.89) | 66.61 |
