JAKARTA: The sharp rise in global oil prices has crept onto Indonesian shores, with diesel shortages and fuel price hikes unfolding in some parts of the archipelago in recent weeks as the government winds down price control policies in the interest of fiscal consolidation. Logistics firms have reported delivery delays because trucks are spending more time lining up for Solar, subsidised diesel, at petrol stations, particularly in Sumatra, Sulawesi and Kalimantan. Meanwhile, state-owned oil giant

JAKARTA: State-owned oil and gas company Pertamina is considering buying Russian crude oil, which is currently cheaper than global prices, as Indonesia seeks to shield its state budget from soaring international energy prices. Pertamina president director Nicke Widyawati said on Monday that Pertamina was in consultation with the Foreign Ministry and Bank Indonesia( BI) regarding the plan, and had approached several Russian sellers to buy crude for testing at Pertamina’s refineries.... “ Amid th