The Indonesian Government : Gasoline Prices Will Not Increase Until June 2024

April 17, 2024, 05.25 AM | Reporter: Barratut Taqiyyah Rafie

ILUSTRASI. Pengendara mengisi bahan bakar minyak non subsisdi di SPBU Pertamina, Jakarta, Selasa (2/4/2024). PT Pertamina Patra Niaga menetapkan pada bulan April ini tidak ada perubahan harga jual pada BBM non subsidi atau yang disebut juga jenis bahan bakar umum (JBU). Penyesuaian harga BBM non subsidi merupakan hasil evaluasi oleh seluruh badan usaha sesuai regulasi formula harga yang berlaku, berdasarkan perhitungan evaluasi harga serta dengan mempertimbangkan kebutuhan masyarakat pada Ramadhan dan Idul Fitri. (KONTAN/Carolus Agus Waluyo)

OIL PRICE - JAKARTA. The escalating conflict in the Middle East between Iran and Israel has sparked concerns over the potential rise in fuel oil or gasoline prices among the public.

In response to these concerns, according to Infopublik.id, the government has assured that there will be no increase in gasoline prices until June 2024.

"Until June 2024, there will be no increase (in gasoline prices), that's the government's statement," said Coordinating Minister for Economic Affairs, Airlangga Hartarto, in Jakarta on Tuesday (16/4/2024).

However, Airlangga added, that the government will continue to monitor the situation to adjust the energy subsidy budget if necessary. This development will be monitored over the next 1-2 months.

"We monitor the oil prices. We continue to exercise and we maintain so that the existing resources can be utilized. Of course, the targeted subsidy becomes a note for the government," Airlangga continued.

Airlangga hopes that oil prices can remain stable. However, he acknowledges that oil prices are certain to rise if the escalation of conflict in the Middle East continues to heat up.

"We look at the situation over the next 1-2 months. So if there is no escalation, we hope that oil prices can flatten. But if there is an escalation, it will certainly be different," he added.

As known, the conflict in the Middle East is currently escalating with hundreds of Iranian drone attacks on Israel on Sunday (14/4/2024) in retaliation for an Israeli attack that destroyed the Iranian Consulate building in Damascus, Syria, on Monday, April 1, 2024.