Indonesia raises 2027 subsidised fuel allocation, keeps LPG unchanged
JAKARTA: Indonesia has raised the amount of diesel allocated to its subsidy programme in 2027, while keeping its liquefied petroleum gas (LPG) allocation unchanged, the energy ministry said on Monday in a parliamentary hearing.
Jakarta, Monday: Indonesia has increased the amount of subsidised diesel for the 2027 program, while leaving liquefied petroleum gas (LPG) allocations unchanged, revealed the energy ministry at a parliamentary hearing. Here are the specifics:
Indonesia plans to provide 19 million kilolitres of subsidised diesel in 2027, a 2 per cent rise from this year's allocation of 18.64 million kilolitres. According to senior energy ministry official Laode Sulaeman, the actual consumption of subsidised diesel for this year is anticipated to surpass the initial allocation, reaching 20.27 million kilolitres.
To lessen reliance on imported fuels, Indonesia has been utilizing a 50-50 blend of palm-based diesel and conventional diesel, referred to as B50 since the latter half of this year. Meanwhile, the subsidized LPG allocation for next year remains at 8 million metric tons, identical to this year, but falls short of the 8.67 million tons expected to be used in 2027.
Indonesia aims to lift 612,500 barrels of oil daily and 954,000 barrels of oil equivalent daily in 2027.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
