Indonesia:World's Oil Prices to Remain Stable

Pengeboran minyak di Azadegan, Iran
Sumber :
  • AP Photo/Vahid Salemi, File

VIVAnews - The Indonesian government believes the heating conflicts between Iran, the United States, and Israel will not help oil prices to soar.

Acting chief of Fiscal Policy Agency at the Ministry of Finance, Bambang Brodjonegoro, said the government expects world's oil prices will touch US$100 per barrel this year.

"We've yet to find out how long the tension will die down," said Bambang.

The 2012 State Budget set the assumed Indonesia Crude Price at US$90 per barrel.

Earlier, the government has planned to restrict subsidized fuel and launch fuel-to-gas conversion program.

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VIVA.co.id
20 April 2024