Global crude oil price of Indian Basket was US$ 53.53 per bbl on 31.12.2014




Global crude oil price of Indian Basket was US$ 53.53 per bbl on 31.12.2014 

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$ 53.53 per barrel (bbl) on 31.12.2014.


In rupee terms, the price of Indian Basket decreased to Rs 3389.52 per bbl on 01.01.2015 as compared to Rs 3390.05 per bbl on 31.12.2014. Rupee closed stronger at Rs 63.32 per US$ on 01.01.2015 as against Rs 63.33 per US$ on 31.12.2014. 

The table below gives details in this regard:

Particulars
Unit
Price on Jan 01, 2015 (Previous trading day i.e. 31.12.2014)
Pricing Fortnight for 01.01.2015
(Dec 12 to Dec 29, 2014)
Crude Oil (Indian Basket)
($/bbl)
53.53              (53.53)
58.12
(Rs/bbl
3389.52           (3390.05)
3676.67
Exchange Rate
(Rs/$)
63.32               (63.33)
63.26

(Due to Holiday in Singapore/UK on 01.01.2015 Platts daily average price assessment for Dubai, Oman & Product Prices are unavailable. Therefore, the prices as of 31.12.2014 has been considered.)

 Daily Crude oil price- 02.01.2015      

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