Financial Wire

Market Chatter: Indonesia to Hold Fuel Prices Steady Until December

-- Indonesia will keep subsidized fuel prices unchanged until December, as part of efforts to maintain price stability, the Jakarta Globe reported Friday, citing Energy and Mineral Resources Minister Bahlil Lahadalia.

He said the decision follows President Prabowo Subianto's directive, supported by stable domestic fuel supplies and sufficient reserves of diesel, gasoline, and LPG, according to the report.

The policy is also backed by manageable fiscal conditions, with the Indonesian Crude Price staying broadly in line with budget assumptions, the report said.

Bahlil said the government will continue to monitor global oil price movements while ensuring energy security and fiscal stability, the news outlet reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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