JAKARTA: * Indonesian Energy Minister Ignasius Jonan told parliament on Monday the ministry expects to save more than 30 trillion rupiah ($2.16 billion) in the subsidy budget this year, mainly due to decline in the liquefied petroleum gas (LPG) price* For 2019, the government has budgeted 108.77 trillion rupiah of fuel subsidies, but on Monday, Jonan said the ministry estimated the full-year subsidy spending would reach 77.99 trilion rupiah
* Jonan on Monday asked the parliamentary commission overseeing the energy sector to open discussions on potentially adjusting prices of subsidised LPG and diesel next year due to changes in reference prices
* LPG reference price from Aramco has "dropped significantly" to around $360 per tonne from around $500 per tonne last year, Jonan told parliament
* Subsidy spending for 3-kilogram canister LPG is set for 75.22 trillion rupiah in the budget, but full-year spending is only projected at 44.16 trillion rupiah
* Subsidy spending for diesel fuel however is expected to be 30.62 trillion rupiah, compared to 29 trillion rupiah in the 2019 budget