April ICP up to $57.58 per barrel
Tuesday, May 5 2015 - 11:29 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$57.58 per barrel in April, up $3.92 from $53.66 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 $59.92 per barrel in April, an increase from $54.19 in March, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Johannes Simbolon