Indonesia: No Fuel Price Hike Until 2027, Says Energy Minister

Tempo04-16 21:53

TEMPO.CO, Jakarta - Indonesia is not planning to raise fuel prices until 2027, said Minister of Energy and Mineral Resources Bahlil Lahadalia, adding that he hopes to maintain this condition as long ...

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The current ICP is parked at around US$77 per barrel.At the same occasion, Bahlil said Russia is ready to supply oil to Indonesia, after a meeting with the Russian delegation following Prabowo and Putin's Moscow talks. Bahlil then reported the results of his negotiations to Prabowo today. Indonesia, he said, still requires imports due to an oil supply deficit, as fuel consumption reaches 1.6 million barrels per day, while domestic oil lifting ranges from 600,000 to 610,000 barrels per day.\"Amid this global condition, we must seek sources from various countries,\" he said. Read: Removing Fuel Subsidies Does Not Hurt Logistics, It Corrects Systemic DistortionClick here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2628749212","isCrawlerRequest":true}