Iran-Israel Conflict: EMR Ministry Assures Fuel Supplies in Indonesia Still Safe
The Ministry of Energy and Mineral Resources is confident that national fuel oil reserves in Indonesia are unaffected by Iran and Israel's conflict.
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The Ministry of Energy and Mineral Resources is confident that national fuel oil reserves in Indonesia are unaffected by Iran and Israel's conflict.
Indonesian Coordinating Minister Airlangga Hartarto highlighted the impact of Iran's attack on Israel on global oil prices.
Commodity and currency observer Lukman Leong believes that the depreciation of the rupiah exchange rate will impact the increase in import prices.
Pertamina official explained that people prefers to use higher quality fuel during homecoming to prevent vehicle trouble on the road.
BPH Migas said that the stock of fuel oil during the period of Ramadan and Eid 2024 is in a safe condition, with enough volume for more than 20 days.
Pertamina has stocked up fuel (BBM) and LPG (liquefied petroleum gas) in East Java, Bali, and Nusa Tenggara ahead of the Eid al-Fitr holiday period.
The Central Statistics Agency or BPS stated that airfares in Ramadan in March 2024 experienced deflation of 0.97 percent.
Indonesia will be able to reduce the domestic prices of electric vehicles, or EVs, by up to 30 percent by manufacturing its own EV battery.
Pertamina International Shipping (PIS) guarantees a smooth supply of fuel at ports, bunkers, and depots ahead of the Eid homecoming season.
Oil prices slipped on Friday, March 22, and were flat on the week as the possibility of a ceasefire in Gaza weakened crude benchmarks.
The Business Competition Supervisory Commission (KPPU) highlights the spike in ticket prices offered by airlines ahead of the Eid al-Fitr holiday.
Indef assesses that the increase in the value-added tax (VAT) to 12 percent will push up the prices of basic commodities.
The government will import 145,000 tons of beef and extend the increase in the highest retail price (HET) for premium rice.
Minister of Trade Zukifli Hasan visited the Kebon Kembang Market in Bogor City, West Java Province, to inspect the prices of basic commodities.
Jokowi delivered rice aid to beneficiary households at the Huta Lombang Bulog warehouse in North Sumatra.
An economist from Indef Aviliani assesses that the government must create policies that could efficaciously control food prices.
President Jokowi expressed optimism that the prices of rice will see a decline within the next month in tandem with the great harvest season.
Ahead of Ramadan, Bapanas asked all regional leaders, governors to regents alike to employ three actions in efforts to stabilize food prices.
Jokowi ensured that there would be no price hike for fuel oil (BBM) from Pertamina.
BPS mentioned that the rice price in February 2024 skyrocketed by 18.41 percent year-on-year (y-o-y) at the milling, wholesale, and retail levels.