The package seems to be available when I looked:
(precise-amd64)root@impulse:~# apt-cache policy python-apt
python-apt:
Installed: (none)
Candidate: 0.8.3ubuntu7.3
Version table:
0.8.3ubuntu7.3 0
500 http://192.168.10.1/ubuntu/ precise-proposed/main amd64 Packages
0.8.3ubuntu7.2 0
500 http://192.168.10.1/ubuntu/ precise-updates/main amd64 Packages
0.8.3ubuntu7 0
500 http://192.168.10.1/ubuntu/ precise/main amd64 Packages
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https://bugs.launchpad.net/bugs/1397578
Title:
LTS release has outdated Ubuntu.mirrors file
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