B20 Proves a Success to Reduce Oil Import
THE expanded B20 mandatory program which was started on 1 September 2018 has proved a success to reduce fuel import.
THE expanded B20 mandatory program which was started on 1 September 2018 has proved a success to reduce fuel import. In one month after the program was launched, oil and gas import has reduced about 400 thousand kiloliters.
Director General of Oil and Gas Djoko Siswanto said data released by the Statistics Indonesia (BPS) showed that oil and gas import value in September 2018 reached US$2,28 billion, down 25,20 percent from August 2018.
He said, before the expanded B20 mandatory program launched, the domestic consumption of diesel fuel was normal. “At least the program has reduced import,” Djoko said in Jakarta, Tuesday (16/10/2018) as quoted by Liputan 6.
Earlier, the government predicted that the expanded B20 program would decrease fuel imports by 3.5 million kl to 4.5 million kl per year, which was important for saving foreign exchange reserves by US$5.5 billion per year or US$21 million per day. **
