MANADO - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia confirmed that there was no increase in the price of subsidized fuel oil (BBM) and LPG in the current Middle East geopolitical crisis.
"The government is trying to ensure that the price of subsidized fuel and LPG in Indonesia does not increase and we continue to find ways out," said Bahlil after opening the XI Regional Conference (Musda) of the Golkar Party in North Sulawesi (Sulut) in Manado, quoted by Antara Saturday, April 11.
He said that according to President Prabowo Subianto's instructions that Indonesia must be self-sufficient in energy and food, so as Minister of Energy and Mineral Resources he was tasked to achieve this target.
Bahlil said his party had made various efforts so that the number of fuel and LPG imports was minimized.
"We will empower the natural resources we have, so that energy self-sufficiency can be achieved," he said.
"National stocks are in a safe condition, namely fuel for up to 20 days and LPG for up to 10 days, after passing the crisis period and the supply is ensured to be sufficient," he said.
The government is committed not to raise the price of subsidized fuel and 3 kg LPG to maintain economic stability.
Indonesia's fuel needs reach around 1.5 to 1.6 million barrels per day in 2024-2026.
This consumption is dominated by gasoline of around 100 thousand KL/day and diesel of around 111 thousand KL/day in 2026.
Domestic production of fuel only ranges from 600 thousand barrels per day, causing high imports to close the gap.
He said more than 59 percent of the national fuel needs were met by imports, mostly from Singapore and Malaysia.
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