March ICP up to $34.19 per barrel
Tuesday, April 5 2016 - 02:10 PM WIB
By Romel S. Gurky
The Indonesian basket oil price, known as Indonesian Crude Price (ICP), stood at US$34.19 per barrel in March 2016, up $5.27 from $28.92 in February, 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 $33.82 per barrel in March, an increase from $28.66 in February, the website reported.
The increase occurred in line with the rise of crude prices in the international market.
Editing by Johannes Simbolon