- Indonesia isn't ruling out importing Russian oil, President Joko Widodo told the Financial Times.
- "We always monitor all of the options. If there is the country [and] they give a better price, of course," he said.
- Russia has offered its oil at a 30% discount to the international rate, Indonesia's tourism minister has said.
Indonesia isn't ruling out importing Russian oil as Moscow offers a steep discount while the G7 pushes a price cap on Russian crude.
"We always monitor all of the options. If there is the country [and] they give a better price, of course," President Joko Widodo told the Financial Times.
He added that "there is a duty for [the] government to find various sources to meet the energy needs of their people."
Southeast Asia's largest economy has not traditionally been a big buyer of Russian oil. But Indonesia has seen some fuel cost jump 30% in the last month alone.
Meanwhile, Russia is offering its oil at a 30% discount to the international rate, Indonesia's tourism minister has said.
Indonesia could potentially join other Asian countries including China and India which have shown a willingness to purchase Russian crude while Western countries shun business ties with Moscow due to its invasion of Ukraine.
At the same time, Europe is imposing a partial embargo on Russian oil by the end of the year, and the G7 is pushing for a cap on Russian oil prices that will keep supplies flowing while also limiting the Kremlin's revenue.
Indonesia will have to walk a political tightrope as it is set to host the next G20 meeting this November in Bali. Widodo has invited both Ukrainian President Volodymyr Zelenskyy and Russia's Vladimir Putin to attend.