Wednesday, 21 Augst 2019 | 11:33 WIB

Oil-Gas Trade Balance Deficit Reaches IDR 21 Trillion

Oil-Gas Trade Balance Deficit Reaches IDR 21 Trillion

JAKARTA, NETRALNEWS.COM - The Central Statistics Agency (BPS) reported that the oil and gas balance deficit in April 2019 reached USD 1.49 billion, equivalent to IDR 21 trillion, which triggered the trade balance deficit to reach USD 2.5 billion. This is said to be the biggest in history.

In response, the Director General of Oil and Gas of the Ministry of Energy and Mineral Resources (ESDM) Djoko Siswanto expressed his optimism that the oil and gas deficit this month would improve.

"Don't ask April, see (Later) May is good," Djoko said at the Ministry of Energy and Mineral Resources Office, Jakarta, Wednesday (05/15/2019).

Djoko explained, even though the April deficit reached USD 1.49 billion, in May it only entered two weeks and had dropped to USD 0.75 billion.

"Imports fell, diesel fuel, aviation fuel, its imports also fell," he said.

While in terms of oil and gas exports that are declining, Joko said that Indonesia's oil and gas is preferred for the domestic market.

"The crude is not for export, for the domestic market. The second is that we use gas from year to time from time to time in the country. We don't export it," he said.

Previously, Head of BPS, Suharyanto said, in the month to month increase in oil and gas imports in April 2019 reached 46.99 percent. The details are oil and gas imports of USD 2.24 billion, skyrocketing compared to last March which was only USD 1.52 billion. However, when compared to April 2018, imports reached USD 2.33 billion, down 3.8 percent.