Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
13-October-2016 14:17 IST
Global Crude oil price of Indian Basket was US$ 50.00 per bbl on 12.10.2016

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$ 50.00 per barrel (bbl) on 12.10.2016. This was lower than the price of US$ 50.14 per bbl on previous publishing day of 07.10.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 3329.49 per bbl on 12.10.2016 as compared to Rs. 3348.40 per bbl on 07.10.2016. Rupee closed at Rs. 66.59 per US$ on 12.10.2016, while it was Rs. 66.79 per US$ on 07.10.2016. The table below gives details in this regard:




Price on October 12, 2016 (Previous trading day i.e. 07.09.2016)                                                                   

Pricing Fortnight for 01.10.2016

(Sep 14, 2016 to Sep 28, 2016)

Crude Oil (Indian Basket)


                 50.00               (50.14)      



                3329.49        (3348.40)        


Exchange Rate


                 66.59*            (66.79)  


* RBI reference rate for 11.10.2016 & 12.10.2016 is not available. Therefore reference rate of 10.10.2016 has been considered.


YKB/Rk/ Daily Crude Oil Price- 13.10.2016