Oilfields development
Govt: Subsidized Fuel Supply Still Sufficient
The government revealed Tuesday that Indonesia still has sufficient fuel supplies until the end of this year. “The supply is enough for this year,” Coordinating Minister for the Economy Hatta Radjasa said, commenting on issues regarding the subsidized fuel shortage. Indonesia has set 36.5 million kilo liters of subsidized fuel this year, but demand is predicted to increase. The Downstream Oil and Gas Regulatory Body (BPH Migas) said earlier that subsidized fuel oil consumption in the year ended October 31, 2010 reached 31.662 million kiloliters, accounting for 86.92 percent of the quota of 36.5 million kiloliters. |
