Indonesia to stop fossil fuel imports from 2045 ASEAN

Indonesia to stop fossil fuel imports from 2045

Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has informed that the country will not import fossil fuels from 2045 as it will develop the potential of palm oil as an alternative fuel by then.
Fuel price cycle to be shortened, removed in the long run Business

Fuel price cycle to be shortened, removed in the long run

The Ministry of Industry and Trade (MoIT) has proposed a new price mechanism to adjust fuel prices every 5 days instead of the current 10-day cycle, or possibly every day to finally address a number of issues that resulted in sporadic fuel shortages across the country in recent months.
Petrol prices surge in latest adjustment Business

Petrol prices surge in latest adjustment

The retail price of RON 95-III bio-fuel almost reached 24,000 VND (0.97 USD) per litre from 3pm on November 11, following the latest adjustment by the Ministries of Industry and Trade, and Finance.
IPP Air Cargo withdraws permit application Business

IPP Air Cargo withdraws permit application

IPP Air Cargo, in an unanticipated move, has withdrawn its application for a cargo flight permit, citing “worsening economic conditions”, “looming global recession” and “volatile fuel prices”, all of which likely will result in numerous challenges for global freighters.
Petrol prices up in latest adjustment Business

Petrol prices up in latest adjustment

Retail prices of oil and petrol increased starting from 3pm on October 11, following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
Indonesia increases subsidised fuel quotas World

Indonesia increases subsidised fuel quotas

The Indonesian government has increased the quotas of subsidised fuel, Pertalite gasoline and Solar diesel, effective from October 1, to meet the community's needs until the end of the year.