Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
15-May-2017 10:36 IST
Global Crude oil price of Indian Basket was US$ 49.55 per bbl on 12.05.2017

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$ 49.55 per barrel (bbl) on 12.05.2017. This was lower than the price of US$ 49.71 per bbl on previous publishing day of 11.05.2017.

In rupee terms, the price of Indian Basket decreased to Rs. 3186.16 per bbl on 12.05.2017 as compared to Rs. 3203.24 per bbl on 11.05.2017. Rupee closed stronger at Rs. 64.30 per US$ on 12.05.2017 as compared to Rs. 64.44 per US$ on 11.05.2017. The table below gives details in this regard:




Price on May 12, 2017 Previous trading day i.e. 11.05.2017)                              

Pricing Fortnight for 01.05.2017

(April 12, 2017 to April 26, 2017)

Crude Oil (Indian Basket)


             49.55                (49.71)



            3186.16           (3203.24)


Exchange Rate


             64.30                (64.44)



RG/SA Daily Crude Oil Price