Jakarta eyes discounted Saudi crude oil amid hike

Crucial sector: Motorcyclists queue to refuel at a gas station in Denpasar. Oil will be a priority for the government as long as it is cost-efficient and the purchase complies with regulations, says Bahlil. — AFP

JAKARTA: Indonesia is open to buying crude oil from Saudi Arabia, which has offered discounts to Asian buyers for November, Coordinating Downstream and Energy Transition Minister Bahlil Lahadalia says.

The government would consider “oil from any source” as long as prices are competitive, procurement is efficient and purchases comply with regulations, Bahlil noted.