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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$ 27.33 per barrel (bbl) on 12.01.2016. This was lower than the price of US$ 28.73 per bbl on previous publishing day of 11.01.2016.

In rupee terms, the price of Indian Basket decreased to Rs 1828.42 per bbl on 12.01.2016 as compared to Rs 1918.89 per bbl on 11.01.2016. Rupee closed weaker at Rs.66.89 per US$ on 12.01.2016 as against Rs.66.79 per US$ on 11.01.2016.