BBM Indonesia Ranked Third Largest Globally in 2022

Mining

Lite

Adi Ahdiat 31/08/2023 15:24 WIB

URL has been copied

Memuat...

According to IMF data, Indonesia's fuel subsidy reached US$25.74 billion in 2022, the third largest globally.

10 Countries with the Highest Fuel Subsidies in the World (2022)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

BBM Indonesia Ranked Third Largest Globally in 2022

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

10 Countries with the Highest Fuel Subsidies in the World (2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

According to International Monetary Fund (IMF) data, the value of fossil fuel subsidies globally reached US$287 billion in 2022. This figure includes subsidies for gasoline, diesel, kerosene, and other petroleum products in 168 countries.

This figure only includes explicit subsidies for consumers, without considering subsidies for producers, or implicit subsidies such as reduced consumption taxes, exemptions from environmental taxes, and various other fiscal support for the use of fossil fuels.

In 2022, Saudi Arabia was the world's largest provider of fuel subsidies, amounting to US$65.13 billion.

Indonesia ranked third globally. According to the IMF, throughout 2022, the value of fuel subsidies in Indonesia reached US$25.74 billion, consisting of:

* Gasoline subsidies: US$6.69 billion
* Diesel subsidies: US$12.10 billion
* Kerosene subsidies: US$3.09 billion
* Other petroleum product subsidies: US$3.86 billion

The IMF is now urging countries to evaluate their fossil fuel subsidy policies to reduce air pollution and anticipate the climate crisis.

"Eliminating explicit subsidies for fossil fuels, and implementing corrective taxes such as carbon taxes, could reduce global carbon dioxide (CO2) emissions by up to 43% by 2030," said the IMF research team in its report, *IMF Fossil Fuel Subsidies Data: 2023 Update*.

However, the elimination of subsidies will lead to increased fuel prices, which could trigger socio-economic-political unrest in many countries.

Therefore, the IMF recommends that the elimination of subsidies be accompanied by policies to protect low-income communities.

"Eliminating fuel subsidies can be a complex issue. Governments must carefully design, communicate, and implement fuel price reforms as part of a comprehensive policy package that prioritizes the benefits," said the IMF team.

Editor : Adi Ahdiat

"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."

Related Data

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Latest Data Stories

Indonesian Provinces with the Highest Non-Food Urban Poverty Line in Indonesia (2023) Demographics 05/12/2025, 15:32 WIB

Global Natural Gas Prices Rise to US$3.33/Mmbtu (Friday, May 23, 2025) Energy 05/12/2025, 15:01 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 05/12/2025, 15:00 WIB

Construction Costliness Index of Asmat Regency, South Papua Reached 152.51 Points in 2025 Property 05/12/2025, 14:57 WIB

Global Oil Prices Fall to US$63.92 per Barrel (Friday, May 23, 2025) Market 05/12/2025, 14:46 WIB

US Soybeans Futures Contract Price (Two-Month) - US$1,060.25/Bushel (Friday, May 23, 2025) Economics & Macro 05/12/2025, 14:34 WIB

Download

Source

BBM Indonesia Ranked Third Largest Globally in 2022

BBM Indonesia Ranked Third Largest Globally in 2022

Tags

Related Data

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Latest Data Stories

Popular Data

BBM Indonesia Ranked Third Largest Globally in 2022

BBM Indonesia Ranked Third Largest Globally in 2022

Tags

Related Data

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

Warning! Mount Ibu Erupts Again This Morning (Friday, December 5, 2025)

Latest Data Stories

Trending Topics

Popular Data