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Average Urals oil price $48.92 per barrel in January-March — Russian finance ministry

It is reported that the average price of the Urals oil amounted to $47.85 per barrel in March 2023, down 1.86-fold compared with March 2022 ($89.05 per barrel)

MOSCOW, April 3. /TASS/. The average price of the Russian Urals export crude oil decreased 1.81-fold in January-March 2023 year-on-year to $48.92 per barrel, the Russian Finance Ministry reported via its Telegram channel on Monday.

"The average price of the Urals oil totaled $48.92 per barrel in January-March 2023 compared to $88.95 per barrel in January-March 2022," the report said.

The average price of the Urals oil amounted to $47.85 per barrel in March 2023, down 1.86-fold compared with March 2022 ($89.05 per barrel), according to the ministry.

Earlier reports said that the average price of the Urals oil was $49.56 per barrel in February 2023, down 1.86-fold compared with last February.