Energy Minister Tasrif: Indonesia could not buy Russian oil due to high demand
MOSCOW, September 16 – RIA Novosti. Indonesian Energy Minister Arifin Tasrif told reporters on Friday that Indonesia is not buying Russian oil because it is not available, there is too much demand for it.
“We have not bought it yet, because the goods are not available,” said the minister, in response to a journalist’s question about the previously announced stage of the purchase of Russian oil.
Tasrif said demand for Russian oil is now extremely high as Russia sells fuel at well below world prices.
Russian oil in the Urals last week’s discount to Brent amounted to $ 20-22 per barrel. Between March and May this year, countries in the Asia-Pacific region increased their imports of Russian Ural oil four and a half times compared to 2021, according to a consulting firm Rystad Energy. The largest buyers of Russian oil are India and China.
Earlier this month, President Joko Widodo told the Financial Times that Indonesia is considering joining India and China to buy Russian oil. The move is meant to offset rising public tensions caused by rising gasoline prices in the country. Jakarta increased its subsidized fuel prices this month to curb its growing energy subsidy budget. Therefore, the price of diesel fuel increased by 32%, and for gasoline – by 30%. Thousands of people took to the streets in Indonesia to protest the decision. This raises concerns in the country’s ruling party, which begins preparations for the 2024 presidential election.
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