Here is a compiled table of recommended bitrates for phycoacoustical compression of audio that is derived from

Source : CDs and DVDs (True Stereo [DDD], 20hz-20khz)
Compression Format
Musicam (MP2)
MP3
Ogg VorbisMP3 ProAAC
AAC + SBR
Lowest Bitrate192 kbs
128 kbs
112 kbs
92 kbs
80 kbs
80 kbs
Highest Bitrate (best)
256 kbs
160 kbs
128 kbs
112 kbs
128 kbs
128 kbs
VBR "best effort"
= NA =
[80...128] kbs
= NA =
[80...128 kbs]
[60...112] kbs
[60...112] kbs


Source : FM Radio, Analog Tape & LPs (Joint Stereo or Matrix Stereo, [AAD] or [ADD], 20hz-16khz)
Compression Format
Musicam (MP2)
MP3
Ogg VorbisMP3 ProAAC
AAC + SBR
Lowest Bitrate112 kbs
92 kbs
92 kbs
80 kbs
60 kbs
60 kbs
Highest Bitrate (best)
128 kbs
128 kbs
128 kbs
92 kbs
112 kbs
92 kbs
VBR "best effort"
= NA =
[80...128] kbs
= NA =
[80...128 kbs]
[60...112] kbs
[60...112] kbs

Speech sources : MW Radio, Talking Books (Parametric Stereo, [AAA], 120hz-12khz)
Compression Format
Musicam (MP2)
MP3
Ogg VorbisMP3 ProAAC
AAC + SBR
Lowest Bitrate48 kbs
32 kbs
32 kbs
32 kbs
28 kbs
28 kbs
Highest Bitrate (best)
60 kbs
48 kbs
48 kbs
48 kbs
48 kbs
92 kbs
VBR "best effort"
= NA =
[16...48] kbs
= NA =
See MP3
[16...28] kbs
See AAC