Indonesian Crude Oil Prices Determined for April 2024

  • The Minister of Energy and Mineral Resources, through the issuance of Decree No. 238.K/MG.03/DJM/2024 of 2024,  ("Decree") has set various applicable Indonesian crude oil prices for the April 2024 period. The Decree came into force on 2 May 2024.
  • As detailed in the Appendix to the Decree, prices have now been divided into Main Crude Oil and Other Types of Crude Oil categories. Meanwhile, the average price of Indonesian Crude Oil has been set at US$ 87.61/barrel. In total, six types of main crude oils, 51 types of permanent other types of crude oils and 43 types of temporary other types of crude oils have now been set (along with their various formulas and prices).
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  • The Minister of Energy and Mineral Resources, through the issuance of Decree No. 238.K/MG.03/DJM/2024 of 2024,  ("Decree") has set various applicable Indonesian crude oil prices for the April 2024 period. The Decree came into force on 2 May 2024.
  • As detailed in the Appendix to the Decree, prices have now been divided into Main Crude Oil and Other Types of Crude Oil categories. Meanwhile, the average price of Indonesian Crude Oil has been set at US$ 87.61/barrel. In total, six types of main crude oils, 51 types of permanent other types of crude oils and 43 types of temporary other types of crude oils have now been set (along with their various formulas and prices).
......

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