Iran War Disrupts Fuel Markets
Indonesia is planning to remove import duties on certain plastic products and liquid-fired petroleum used by the petrochemical industry. Currently, the country applies import duties ranging from 5% to 15% on plastic products and 5% on liquid-fired petroleum. The move comes as producers face shortages of NAFTA. These measures aim to address cost pressures faced by producers. The Middle East conflict is disrupting 60% to 70% of Indonesia's naphtha imports from the Middle East. Naphtha is a flammable liquid hydrocarbon produced during crude oil refining. The disruption is impacting the availability of this essential material in Indonesia. The disruption is linked to ongoing regional instability. The conflict and the blockade of the Strait of Hormuz are causing fuel market instability and issues at gas stations in Poland.
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Developing
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Sources · 7 independent
“In Indonesia, there are plans to remove import duties on some plastic products and LPG used by the petrochemical industry.”
“this Middle East conflict is said to be disrupting some 60 to 70% of Indonesia's NAFTA, which is imported from the Middle East.”
“mamy problemy z tym co się dzieje na stacjach benzynowych i z tym co się dzieje generalnie na rynku paliwowym ze względu na wojnę z Iranem”
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