This is the Energy Sector Macroeconomic Assumption in the 2021 State Budget.

Economics & Macro

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Andrea Lidwina 30/06/2020 07:00 WIB

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The Ministry of Energy and Mineral Resources (ESDM) and the House of Representatives (DPR) agreed on the energy sector's macroeconomic assumptions in the 2021 State Budget (RAPBN) on Monday (June 29th

2021 State Budget Energy Sector Macroeconomic Assumptions

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This is the Energy Sector Macroeconomic Assumption in the 2021 State Budget.

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2021 State Budget Energy Sector Macroeconomic Assumptions

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The Ministry of Energy and Mineral Resources (ESDM) and the House of Representatives (DPR) agreed on the macro assumptions for the energy sector in the 2021 State Budget (RAPBN) on Monday (June 29th). These assumptions include an Indonesia Crude Price (ICP) of US$42-45 per barrel, cost recovery of US$7.5-8.5 billion, and oil and gas lifting of 1.68-1.72 million BOPD.

The agreed volume of subsidized BBM (fuel) and 3 kg LPG are 15.79-16.3 million kiloliters and 7.5-7.8 million metric tons, respectively. Furthermore, the volume of kerosene is 0.48-0.5 million kiloliters and the volume of diesel fuel is 15.31-15.8 million kiloliters.

The amount of diesel fuel subsidy is set at Rp 500 per liter, and the electricity subsidy is set at Rp 50.47-54.55 trillion.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."