Ministry of Petroleum and Natural Gas of Repub : Global Crude oil price of Indian Basket was US$ 54.53 per bbl on 26.01.2017

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$ 54.53 per barrel (bbl) on 26.01.2017. This was higher than the price of US$ 54.34 per bbl on previous publishing day of 24.01.2017.

In rupee terms, the price of Indian Basket increased to Rs. 3716.41 per bbl on 26.01.2017 as compared to Rs. 3703.43 per bbl on 24.01.2017. Rupee closed atRs.68.16 per US$ on 26.01.2017. The table below gives details in this regard:

Particulars	Unit	Price on January 26, 2017 (Previous trading day i.e. 24.01.2017)	Pricing Fortnight for 16.01.2017 (Dec 29, 2016 to Jun 11, 2016)
Crude Oil (Indian Basket)	($/bbl)	54.53 (54.34)	54.24
	(Rs/bbl	3716.41 (3703.43)	3691.57
Exchange Rate	(Rs/$)	68.16*	68.06

* RBI reference rate for 26.01.2017 is not available. Therefore reference rate of 25.01.2017 has been considered.

RG/RK/Daily Crude Oil Price