Jokowi Wants Gas Prices Lowered to USD5/mmbtu

Githa Farahdina    •    04 Oktober 2016 17:49 WIB
Jokowi Wants Gas Prices Lowered to USD5/mmbtu
President Joko Widodo (Photo:Ant), Jakarta: President Joko Widodo has instructed his cabinet to lower gas prices in Indonesia

Jokowi said gas prices in the country are around USD9-10/mmbtu. The prices even could reach USD11-12/mmbtu.

"It should be around USD5-6/mmbtu," he said during a cabinet meeting at the Presidential Palace in Jakarta on Tuesday (4/10).

"I don't want we lose against other countries because of expensive gas prices," he continued.

Jokowi mentioned gas prices in Malaysia and Singapore are around USD4/mmbtu. Meanwhile gas prices in Vietnam are around USD7/mmbtu.

"We should simplify the gas supply chain," he concluded.