Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
12-January-2017 10:32 IST
Global Crude oil price of Indian Basket was US$ 52.56 per bbl on 11.01.2017

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$ 52.56 per barrel (bbl) on 11.01.2017. This was lower than the price of US$ 53.22 per bbl on previous publishing day of 10.01.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 3586.13 per bbl on 11.01.2017 as compared to Rs. 3622.66 per bbl on 10.01.2017. Rupee closed weaker at Rs. 68.23 per US$ on 11.01.2017 as compared to Rs. 68.06 per US$ on 10.01.2017. The table below gives details in this regard:




Price on January 11, 2017 (Previous trading day i.e. 10.01.2017)                                                                  

Pricing Fortnight for 01.01.2017

(Dec 14, 2016 to Dec 28, 2016)

Crude Oil (Indian Basket)


                  52.56              (53.22)        



                 3586.13       (3622.66)       


Exchange Rate


                  68.23              (68.06)




RG/RK/SA/Daily Crude Oil Price