JAKARTA, May 30 (Xinhua) -- Indonesia will keep its subsidized fuel prices unchanged for the remainder of the year despite mounting fiscal pressure from a sharp depreciation of the Indonesian rupiah, a senior official has said.
"We have already stated that subsidized fuel prices will not increase until the end of the year," Deputy Minister of Energy and Mineral Resources Yuliot Tanjung said on Friday.
Addressing concerns over supply stability amid currency volatility, Tanjung said that national fuel stockpiles remain secure. Current reserves are above the minimum threshold of 23 days for both subsidized and non-subsidized products, he noted.
The rupiah has recently faced severe headwinds. According to Bank Indonesia's transaction exchange rates published on Friday, the dollar reached a staggering 17,877 rupiah, intensifying pressure on the nation's subsidy budget. Enditem
京公网安备 11010802027341号