According to Indonesia’s Finance Minister Purwanto, on May 12, Indonesia plans to launch a new round of electric vehicle subsidies starting June 2026 in response to elevated global oil prices driven by Middle East tensions. The government aims to reduce reliance on fossil fuels and lower import costs by incentivizing greater adoption of electric vehicles and motorcycles.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shanghai Futures Exchange Energy Warehouse Inventories: Pulp Rises 4,470 Tons, Low-Sulfur Fuel Oil Falls 6,000 Tons on May 13
According to Shanghai Futures Exchange data released on May 13, warehouse inventory levels in the energy and chemicals sector showed mixed movements. Pulp futures warehouse inventory increased to 206,047 tons, up 4,470 tons from the previous trading day. Coated paper futures factory warehouse invent
GateNews2m ago
Saudi Aramco Plans to Raise Over $10B Through Real Estate Asset Sales, Including Headquarters
According to 金十数据, Saudi Aramco is considering plans to raise over $10 billion by selling its real estate assets today (May 13), including a major headquarters complex in Saudi Arabia's Eastern Province. According to sources familiar with the matter, the oil giant has initiated preliminary
GateNews2m ago
Vietnam Boosts Refined Oil Imports 144% in March-April to Counter Iran Conflict Impact
According to Reuters analysis of customs data, Vietnam significantly increased refined petroleum product imports in March-April to offset reduced crude oil supplies from domestic refineries following the Iran conflict. Import volume rose 17% year-over-year, while import value surged 144% in dollar t
GateNews44m ago
ADNOC Sets Murban Crude Official Price at $104.44 Per Barrel for June
Abu Dhabi National Oil Company (ADNOC) set the official selling price for June Murban crude at $104.44 per barrel.
GateNews44m ago
Kuwait Sets June Asian Crude Oil Export Price at $12.75/Barrel Premium to Benchmark
Kuwait set its June crude oil export price to Asia at a premium of $12.75 per barrel to the benchmark, according to standard OPEC member pricing announcements.
GateNews1h ago
Garaf Oil Field Production Halted on Iraqi Government Orders
According to a JAPEX executive, production and transport operations at the Garaf oil field have been suspended on the orders of the Iraqi government, with no immediate prospects for resumption.
GateNews1h ago
