According to IRNA, Indonesia’s Minister of Finance Purbaya Udi Sadawa said that the price of non-subsidized “Pertamax” fuel, which is supplied by the state-owned Indonesian oil and gas company “Pertamina” and other fuels, is expected to decrease with the possible decrease in global oil prices.
Antara news agency, in a working meeting with the “Council of Regional Representatives” (DPD) in Jakarta, stated: I am confident that with the possibility of a decrease in the global price of oil, the price of Pertamax and other fuels will also decrease, and this will strengthen the foundations of our economic growth.
The Minister of Finance of Indonesia attributed the change in the outlook of the global economy to the possibility of Iran and the United States reaching a diplomatic solution. According to him, if a peace agreement is reached, Indonesia will benefit from its positive effects, including greater stability of the rupiah exchange rate, reduction of borrowing costs and continued investment inflows.
Pourbaya added: This means that the economic growth process should be improved in the future. One of the main pressures on Indonesia is that with the increase in global oil prices, we are forced to increase the price of some non-subsidized fuels; However, we maintain the price of subsidized fuels.
Referring to the effect of non-subsidized fuel price fluctuations on households, he stated that these fluctuations had previously imposed a financial burden on people, but current data show that the domestic economy has passed that period of pressure.
