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Byline: Editor Antaranews.com
Jakarta, March 3 (ANTARA) - The average Indonesian crude price (ICP) during the past six months has yet to meet conditions to raise prices of subsidized fuel oil as of April , 202, according to the Energy and Mineral Resources Ministry.
During the six months, the ICP averaged US$6.49 per barrel, percent higher than the assumed ICP of US$05 per barrel set in the draft revision of the 202 state budget, the ministry said in its report released on Saturday.
Under the draft revision of the 202 state budget, the prices of subsidized fuel oil will be raised if the ICP reaches US$20.75 per barrel, or 5 percent higher than US$05 per …