#crude price

Collection of crude price news, found 235 news.

Energy subsidy equals budget needed for developing public facilities

The Rp502-trillion (US$33.6 billion) energy subsidy for 2022 equals the budget needed to develop several public ...

Government to keep energy subsidy at Rp502 trillion

The government is making every effort to keep the energy subsidy at Rp502 trillion in order to not put pressure on the ...

Subsidized fuel price hike may significantly affect inflation

An increase in subsidized fuel oil prices may significantly impact inflation and reduce the people's purchasing ...

State spending projected to reach Rp2,993 trillion in 2023

The Indonesian Government has projected that state spending will reach Rp2,795.9 trillion to Rp2,993.4 trillion in ...

Government still undecided about adjusting Pertalite gasoline price

The government has yet to take a decision about adjusting the price of subsidized Pertalite gasoline despite an ...

Inflation in developing nations becomes serious problem: BI Governor

Rising inflation became a serious problem, especially in developing nations and countries with a developing market, ...

ICP hits record high of US$113.50 per barrel in March

Indonesian Crude Price (ICP) hit a record high of US$113.50 per barrel in March 2022 due to the Russia-Ukraine ...

War deepens world economic crisis: Jokowi

The war in February 2022 had deepened the global economic crisis, whereas the world had been acutely impacted by the ...

Indonesia's trade with Russia, Ukraine not too large: BPS

Head of Statistics Indonesia (BPS) Margo Yuwono has said that Indonesia's trade with Russia and Ukraine, which ...

Pertamina to keep Pertalite price unchanged for economic stability

State oil and gas company PT Pertamina has assured that it will not raise the price of Pertalite gasoline despite an ...

Indonesia's budget deficit may widen due to Russia-Ukraine war: Indef

The state budget deficit will potentially widen in 2022 due to the Russia-Ukraine conflict, Institute for Development ...

Indonesia's non-tax revenue from oil, gas reached US$7.18 billion

Indonesia's non-tax state revenue from the oil and gas sector had reached Rp103.19 trillion (US$7.18 billion) in ...

House passes 2022 state budget bill into law

The House of Representatives (DPR) passed a bill on the 2022 state budget into law at its sixth plenary session during ...

Indonesia records trade surplus of US$1.32 billion in June

Indonesia’s balance of trade registered a surplus of US$1.32 billion in June, 2021, with exports touching ...

Govt to save Rp22 trillion if power subsidy scrapped: official

The Indonesian government stands to save Rp22.12 trillion in state spending if it scraps the electricity subsidy for ...