#OIL PRICES

The Indonesian government's decision to increase the value-added tax (VAT) by 1 percentage point to 12 percent will not apply to goods related to food security, according to Coordinating Minister ...

The Indonesian government has decided to provide incentives for middle-class citizens to assist them in managing the potential economic impact of the 12 percent value-added tax (VAT) policy planned ...

People planning to travel home or head out for a vacation during the year-end holidays can now breathe easy thanks to the government's decision to lower airfares.Coordinating Minister for ...

Coordinating Minister for Food Affairs Zulkifli Hasan ensured that rice stocks are safe ahead of the 2024 Christmas and 2025 New Year. "We have an abundant stock of rice for Christmas and New ...

The Ministry of Agriculture has set a target of making Indonesia the world’s largest palm oil producer by 2025, enabling the country to influence global prices of the commodity. Indonesia ...

The Ministry of Agriculture has said that Indonesia needs to secure 20 million kiloliters of crude palm oil (CPO) production per year to implement the 50 percent biodiesel mix or B50 program.Chair ...

The Indonesian government announced the Draft State Budget (RAPBN) for the 2025 fiscal year through the annual tradition of financial memorandum delivery on Friday. The RAPBN focuses on two main ...

The Ministry of Home Affairs has asked all regional heads to boost cooperation with stakeholders in their respective regions to optimize permanent and long-term inflation control efforts. ...

Finance Minister Sri Mulyani Indrawati said on Monday that the energy subsidies in the State Budget (APBN) are expected to increase this year. "Energy subsidies are expected to increase ...

The government has decided to keep certain natural gas prices (HGBT) or cheap gas prices below US$6 per MMBTU (one million British thermal units) for seven industrial groups. The decision was ...