Indonesian President Caps Domestic Coal Prices
Government officials said Indonesia plans to keep electricity tariffs and fuel prices unchanged this year and the next by increasing subsidies. Indonesian domestic media reported that the energy ministry has agreed to set prices at $70/ metric ton (mt). Indonesian Coal Benchmark Price was set at $101.86/mt for March, its highest since May 2012. The government has been working on plans to regulate domestic coal prices since late 2017, and the discussions have impacted some coal miners’ share prices.