IMG.gif

Indonesia Hikes Fuel Prices to Manage Ballooning Subsidy Budget

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
generic/ss1685884432-generic-gas-pump-station.jpg

Indonesia has increased retail subsidized fuel prices by about 30% to lower consumption and manage fiscal pressure from a ballooning subsidy budget amid high oil prices and a depreciating rupiah.

Topics:
Macroeconomics , Oil Demand, Oil Supply, Oil Prices, Diesel/Gasoil, Gasoline, Policy and Regulation
Wanda Ad #2 (article footer)
#
Move by European Parliament to leave industry-friendly treaty reflects continued push away from oil and gas despite the energy crisis.
Fri, Nov 25, 2022
An easing of sanctions will allow Chevron to resume its local operations and could see Venezuelan crude sent to the US again.
Sat, Nov 26, 2022
Mideast Gulf sovereign wealth funds, flush with cash from windfall oil and gas revenues, are ramping up spending to position themselves for the energy transition.
Wed, Nov 23, 2022