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The price of World Oil Plummeted, the Government is Still reviewing the Drop in FUEL Prices

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The price of World Oil Plummeted, the Government is Still reviewing the Drop in FUEL Prices

world oil Prices plummeted to US$ 15 per barrel, the lowest in 19 years.  nevertheless, the Ministry of Energy and Mineral Resources of the states still evaluate the impact of changes in world oil prices against the price of fuel oil  or domestic FUEL. 

"Related to FUEL prices, the current government still closely monitor and evaluate developments related to oil prices, including plans for oil production cuts OPEC+ starting next month," said the Head of the Communication Bureau of the Ministry of energy and mineral resources of the Supreme Personal, Wednesday (20/4).

Great  explain,  the conflict oil between OPEC and non-OPEC that have occurred since the beginning of March to make the supply abundant and cause a decline in world oil prices. However, in April this has been established an agreement between OPEC+ and other producing countries to cut production of 9.7 million barrels per day.

this Article has been published in Katadata.co.id with the title "the Price of World Oil Plummeted, the Government is Still reviewing the Drop in FUEL Prices" , https://katadata.co.id/berita/2020/04/20/harga-minyak-dunia-anjlok-pemerintah-masih-kaji-penurunan-harga-bbm
Author: Verda Nano Setiawan
Editor: Agustiyanti

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