TABLE-Malaysian crude oil OSP falls to $60.92 for March

(For a list of OSPs, click, for Malaysian OSPs, click

)

April 1 (Reuters) - The official selling price of a basket

of Malaysian crude oil for March-loading has been set

at $60.92 a barrel, Petronas said on Wednesday.

The March price for flagship Labuan fell $2.01 from

February. The price had reached its lowest in January since

April 2009.

The state-owned company introduced a new benchmark starting

January 2014, based on the spot differentials to dated Brent for

three grades - Labuan, Miri and Kikeh.

As a result of the change, Tapis Blend was dropped as the

key pricing reference to dated Brent due to low liquidity and

falling output.

Kimanis, a new grade that started production in the fourth

quarter of 2014, could be included in the price reference basket

in late-2015 or 2016.

Here are the OSPs for the Malaysian grades:

PETRONAS 2014-2015 TERM PRICES (INCLUDES "P" ADJUSTMENT)

MARCH FEB JAN DEC

LABUAN $60.92 $62.93 $53.16 $67.33

MIRI $60.92 $62.93 $53.16 $67.33

KIKEH $60.92 $62.93 $53.16 $67.33

TAPIS $58.42 $60.43 $50.66 $64.83

DULANG $60.52 $62.53 $52.76 $66.93

BINTULU $58.12 $60.13 $50.36 $64.53

*Calculated

(Reporting by Jacob Gronholt-Pedersen in Singapore; Editing by

Anand Basu)