Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

22-July-2015 10:10 IST

Global crude oil price of Indian Basket was US$ 55.60 per bbl on 21.07.2015

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$ 55.60 per barrel (bbl) on 21.07.2015. This was lower than the price of US$ 55.92 per bbl on previous publishing day of 20.07.2015.

In rupee terms, the price of Indian Basket decreased to ₹ 3538.94 per bbl on 21.07.2015 as compared to ₹ 3553.72 per bbl on 20.07.2015. Rupee closed weaker at ₹ 63.65 per US$ on 21.07.2015 as against ₹ 63.55 per US$ on 20.07.2015. The table below gives details in this regard:

Particulars	Unit	Price on July 21, 2015 (Previous trading day i.e. 20.07.2015)	Pricing Fortnight for 16.07.2015 (June 27 to July 13, 2015)
Crude Oil (Indian Basket)	($/bbl)	55.60            (55.92)	58.69
	(Rs/bbl	3538.94        (3553.72)	3730.34
Exchange Rate	(Rs/$)	63.65            (63.55)	63.56

 MJPS/Rk/Daily Crude oil price- 22.07.2015

Crude oil price of Indian Basket edges lower on consecutive trading day; rupee weakens, lowering domestic valuation. Crude oil price of the Indian Basket was US$ 55.60 per barrel on 21 July 2015, down from US$ 55.92 on 20 July 2015; in rupee terms the price fell to Rs. 3,538.94 per barrel as the rupee weakened to Rs. 63.65 per US$, and the press note also cites fortnight averages of US$ 58.69 per barrel and Rs. 3,730.34 per barrel with an average exchange rate of Rs. 63.56 per US$.