Minister Of Energy And Mineral Resources' Subordinates Call The Middle East War Not Influence Coal Prices

Illustration. (Photo: Doc. Antara)

JAKARTA - Special Staff to the Minister of Energy and Mineral Resources for the Acceleration of Mineral and Coal Governance, Irwandy Arif, revealed that the conflict between Israel and Iran did not have a major impact on coal commodity prices.

Irwandy said that the impact was only felt by oil commodities, most of which were still imported from abroad, making Indonesia a net importer country.

"Oh no (affected). It concerns oil, coal is still falling again, I think it goes up and down," said Irwandy to the media crew quoted Wednesday, April 17.

Although it does not have a direct impact, Irwandy said that if the escalation of the conflict continues, there will be a possibility that it will affect the increase in the price of this black gold commodity.

"If the escalation continues to rise, there will definitely be," he added.

Previously, the Ministry of Energy and Mineral Resources through the Director General of Oil and Gas Tutuka Ariadji estimated that in the short term the conflict between Iran and Israel would make the price of Indonesian crude oil or Indonesia Crude Price (ICP) also increase.

Tutuka said that in the short term following Iran's attack on Israel, the world crude price is estimated to have jumped to 100 US dollars per barrel. Meanwhile, in the assumption of the macro-economics of the 2024 State Budget, the government has set an ICP of 82 US dollars per barrel.