Indonesia’s fuel demand growth is predicted to decrease as the government looks to reduce reliance on fossil fuels. Efforts to cut fuel subsidies have led to slower growth rates in transport fuel demand. Factors such as biofuels, fuel substitution, and decarbonisation pose potential risks to Indonesia’s fuel consumption.
Key View Indonesia’s long-term fuel demand growth is expected to slow as the government seeks to diversify away from fossil fuels. Demand for transport fuels showed slower growth rates due to the government’s ongoing efforts to cut fuel subsidies. Indonesia’s fuel consumption faces downside risks stemming from various sources including biofuels, fuel substitution and decarbonisation […]
Source : Indonesia Seeking To Slow Down Fuel Demand Growth And Cut Imports