diff --git a/youtube-dl b/youtube-dl
index d01b259cd6..a2100aa6d9 100755
--- a/youtube-dl
+++ b/youtube-dl
@@ -3293,11 +3293,13 @@ class PostProcessor(object):
 
 class FFmpegExtractAudioPP(PostProcessor):
 
-	def __init__(self, downloader=None, preferredcodec=None):
+	def __init__(self, downloader=None, preferredcodec=None, preferredquality=None, keepvideo=False):
 		PostProcessor.__init__(self, downloader)
 		if preferredcodec is None:
 			preferredcodec = 'best'
 		self._preferredcodec = preferredcodec
+		self._preferredquality = preferredquality
+		self._keepvideo = keepvideo
 
 	@staticmethod
 	def get_audio_codec(path):
@@ -3346,12 +3348,16 @@ class FFmpegExtractAudioPP(PostProcessor):
 				# MP3 otherwise.
 				acodec = 'libmp3lame'
 				extension = 'mp3'
-				more_opts = ['-ab', '128k']
+				more_opts = []
+				if self._preferredquality is not None:
+					more_opts += ['-ab', self._preferredquality]
 		else:
 			# We convert the audio (lossy)
 			acodec = {'mp3': 'libmp3lame', 'aac': 'aac'}[self._preferredcodec]
 			extension = self._preferredcodec
-			more_opts = ['-ab', '128k']
+			more_opts = []
+			if self._preferredquality is not None:
+				more_opts += ['-ab', self._preferredquality]
 			if self._preferredcodec == 'aac':
 				more_opts += ['-f', 'adts']
 
@@ -3371,11 +3377,12 @@ class FFmpegExtractAudioPP(PostProcessor):
 			except:
 				self._downloader.to_stderr(u'WARNING: Cannot update utime of audio file')
 
-		try:
-			os.remove(path)
-		except (IOError, OSError):
-			self._downloader.to_stderr(u'WARNING: Unable to remove downloaded video file')
-			return None
+		if not self._keepvideo:
+			try:
+				os.remove(path)
+			except (IOError, OSError):
+				self._downloader.to_stderr(u'WARNING: Unable to remove downloaded video file')
+				return None
 
 		information['filepath'] = new_path
 		return information
@@ -3573,6 +3580,10 @@ def parseOpts():
 			help='convert video files to audio-only files (requires ffmpeg and ffprobe)')
 	postproc.add_option('--audio-format', metavar='FORMAT', dest='audioformat', default='best',
 			help='"best", "aac" or "mp3"; best by default')
+	postproc.add_option('--audio-quality', metavar='QUALITY', dest='audioquality', default='128K',
+			help='ffmpeg audio bitrate specification, 128k by default')
+	postproc.add_option('-k', '--keep-video', action='store_true', dest='keepvideo', default=False,
+			help='keeps the video file on disk after the post-processing; the video is erased by default')
 
 
 	parser.add_option_group(general)
@@ -3753,7 +3764,7 @@ def main():
 
 	# PostProcessors
 	if opts.extractaudio:
-		fd.add_post_processor(FFmpegExtractAudioPP(preferredcodec=opts.audioformat))
+		fd.add_post_processor(FFmpegExtractAudioPP(preferredcodec=opts.audioformat, preferredquality=opts.audioquality, keepvideo=opts.keepvideo))
 
 	# Update version
 	if opts.update_self: