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View all search resultscrude-oil-price
Business 6 years ago
Indonesia removes price floor for unsubsidized fuels amid global oil price war
The Energy and Mineral Resources Ministry issued on Feb. 28 Ministerial Decree No. 62/2020 that erases a price floor for gasoline and diesel set by a previous decree, providing flexibility for distributors to reduce prices as low as possible.
Business 6 years ago
Indonesia projects lower oil and gas production amid low investment
The Energy and Mineral Resources Ministry expects the oil and gas industry to raise $127.3 billion in investments this year, which is lower than last year’s target of $159.8 billion and of which only 72 percent was realized.
