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Indonesia to allocate 12 bln USD for energy subsidies

The Indonesian Ministry of Energy and Mineral Resources targets to use a budget of 186.9 trillion IDR (12 billion USD) for 2024 energy subsidies, said Minister Arifin Tasrif.
Indonesia to allocate 12 bln USD for energy subsidies ảnh 1At the press conference (Photo: Antara)

Jakarta (VNA) – TheIndonesian Ministry of Energy and Mineral Resources targets to use a budget of 186.9trillion IDR (12 billion USD) for 2024 energy subsidies, said Minister Arifin Tasrif.

Tasrif said at a press conference on January 15 that thetotal value for fuel and liquefied petroleum gas (LPG) subsidies istargeted at 113.3 trillion IDR while 73.6 trillion IDR is for electricitysubsidies.

According to him, the Government has considered to continueproviding energy subsidies in an effort to maintain the people's purchasingpower and anticipated an increase in the prices and demand for energy,especially crude oil.

The ministry also targets to open at least 100one-price fuel distribution agents this year to realise fuel price equalityacross the nation./.

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