April ICP up to $37.20 per barrel
Tuesday, May 3 2016 - 09:23 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$37.20 per barrel in April 2016, up $3.01 from $34.19 in March, as shown on Tuesday on the website of the Directorate General of Oil and Gas at the Energy and Mineral Resources Ministry.
The benchmark price of Minas/SLC crude averaged at $37.25 per barrel in April, an increase from $33.82 in March, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Johannes Simbolon