Indonesia reported US$870 million of trade deficit in January 2020, mainly due to US$1.18 billion of deficit in oil and gas. President Joko ‘Jokowi’ Widodo should immediately take bold decisions to boost domestic production of oil and gas amidst growing consumption. While mandatory biodiesel program might cut import of refined products, falling output of crude oil and surplus in natural gas can’t be fully compensated by biodiesel.To subscribe please click here
