March ICP down to $53.66 per barrel
Monday, April 6 2015 - 12:54 AM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$53.66 per barrel in March, down $0.66 from $54.32 in February, as shown on Saturday on the website of the Directorate General of Oil and Gas at the Energy and Mineral Resources Ministry.
The ministry, however, did not disclose the benchmark price of Minas/SLC crude.
The decrease in the ICP occurred in line with the decline of crude prices in the international market.
Editing by Reiner Simanjuntak