Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
27-January-2012 18:00 IST
International Price of Crude Oil - Indian Basket


The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas continues to be same at US$ 110.05 per barrel (bbl) as computed and published on 26.1.2012. This is based on figures available for last trading day of 24.1.2012.

In rupee terms, the price was also slightly lower at See full size image 5490.20 as published  on 26.1.2012 against See full size image 5528.91 per bbl (published on 24.1.2012) due to marginally higher  exchange rate of See full size image50.02/* US$ against See full size image 50.24/US$ on 24.1.2012.


            The table below gives details in this regard:




Price on 26, January, 2012 (price published on 24.1.2012)


Jan 1-15, 2012

(previous fortnight Dec 16-31, 2011)

Crude Oil (Indian Basket)


       109.76 (110.05**)

110. 95     (105.94)

(See full size image/bbl)

        5490.20 (5528.91)

5,827.09  (5,610.58)

Exchange Rate

(See full size image/$)

             50.02    (50.24)

52. 52       (52.96)

* Exchange rate is as of 25th Jan 2011.

* * International FOB Price is as of Jan 22, 2012





RCJ /RKS – Daily Crude oil price- 27-01-2012