August ICP up to $48.43 per barrel
Thursday, September 7 2017 - 01:05 AM WIB
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at an average of US$48.43 per barrel in August, up by $2.95 from $45.48 in July, as shown on Tuesday on the website of the Energy and Mineral Resources Ministry.
The benchmark price of Minas/SLC crude averaged at $49.17 per barrel in August, an increase from $46.35 in July, the ministry said.
The increase occurred in line with higher crude prices in the international market.
Editing by Reiner Simanjuntak