Last year, Arjuna crude oil prices increased by 22%.

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26/01/2018 18:26 WIB

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Crude Oil Arjuna and Coal 6322 kcal Prices (2015-2017)

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Crude Oil Arjuna and Coal 6322 kcal Prices (2015-2017)

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The rise in global crude oil prices has impacted domestic oil prices. Brent crude is currently trading around US$70 per barrel. Meanwhile, Pertamina's crude oil from the Arjuna field at the end of 2017 was at US$60.91/barrel, a 21.65% increase from December of the previous year.

However, the price of local coal with a calorific value of 6,322 Kcal decreased by 7.52% last year to US$94.04/ton compared to US$101.69/ton at the end of the previous year. This is because the price of local coal increased by more than 90% in 2016, while the price of local oil only increased by 41%.

The increase in oil prices can impact the cost of electricity generation in Indonesia. Rising oil prices can drive up the prices of energy commodities such as coal and natural gas. For information, coal accounts for half of the energy mix used in power plants.

"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."