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$ 49.94 per barrel (bbl) on 14.10.2016. This was higher than the price of US$ 49.37 per bbl on previous publishing day of 13.10.2016.
In rupee terms, the price of Indian Basket increased to Rs. 3338.72 per bbl on 14.10.2016 as compared to Rs. 3300.36 per bbl on 13.10.2016. Rupee closed unchanged at Rs. 66.85 per US$ on 14.10.2016 as compared to 13.10.2016. The table below gives details in this regard:
| Particulars | Unit | Price on October 14, 2016 (Previous trading day i.e. 13.09.2016) | Pricing Fortnight for 16.10.2016
(Sep 29, 2016 to Oct 12, 2016) |
| Crude Oil (Indian Basket) | ($/bbl) | 49.94 (49.37) | 48.69 |
| (Rs/bbl | 3338.72 (3300.36) | 3243.24 | |
| Exchange Rate | (Rs/$) | 66.85 (66.85) | 66.61 |
