February ICP up to $54.32 per barrel
Wednesday, March 4 2015 - 12:53 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$54.32 per barrel in February, up $9.02 from $45.30 in January, 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 $54.11 per barrel in February, an increase from $45.56 in January, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Reiner Simanjuntak