Govt assures it will not raise subsidized fuel prices

"So far, the government has not thought of raising the prices of subsidized fuel oil," Purnomo said after meeting President Susilo Bambang Yudhoyono at the presidential office.

Global crude prices are hovering above US$90 per barrel amid tensions between Turkey and oil producer Iraq as well as the US harsh penalties against Iran -- the world`s fourth largest oil producer.

Purnomo said the surging global crude prices would have no impact on Indonesia`s oil and gas revenues this year. Instead, they would raise the state revenues.