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The Asian Affairs > Latest News > subsidized fuel

Tag Archives: subsidized fuel

Indonesia Govt pursue its target to raise oil production
Economy

Drop in oil price, Indonesia govt hints fuel prices to not be lowered

By Noto
April 27, 2020
in :  Economy, Indonesia

The current downward trend is happening in global crude oil prices. But this not following by the Indonesian government which hinted that retail fuel prices for certain types of fuel (JBT), subsidized fuel, and specially designed fuels (JBKP) would not be lowered. The decision was noted in the Energy and Mineral Resources Ministerial Decree No. 83 K/12/MEM/2020 inked by Minister …

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