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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
16-September-2014 10:46 IST
Global crude oil price of Indian Basket was US$ 95.50 per bbl on 15.09.2014

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$ 95.50 per barrel (bbl) on 15.09.2014. This was lower than the price of US$ 96.74 per bbl on previous publishing day of 12.09.2014.

In rupee terms, the price of Indian Basket decreased to Rs 5824.55 per bbl on 15.09.2014 as compared to Rs 5885.66 per bbl on 12.09.2014. Rupee closed weaker at Rs 60.99 per US$ on 15.09.2014 as against Rs 60.84 per US$ on 12.09.2014. 

The Diesel under recovery has been wiped out and there is over-recovery of Rs 0.35 per litre w.e.f 16th September 2014.

The table below gives details in this regard:

Particulars    

Unit

Price on Sep 15, 2014 (Previous trading day i.e. 12.09.2014)                                                                  

Pricing Fortnight for 16.09.2014

(27 Aug to Sept 11, 2014)

Crude Oil (Indian Basket)

($/bbl)

95.50                (96.74)

99.36

(Rs/bbl

5824.55           (5885.66)

6015.25

Exchange Rate

  (Rs/$)

60.99              (60.84)

60.54

 

  YKB/Daily Crude oil price- 16.09.2014