Indonesia Abolishes Import Duty on Industrial LPG Amid Strait of Hormuz Turmoil
The Indonesian government announced a reduction of import duty on industrial LPG from 5% to 0% in response to the turbulent situation in the Strait of Hormuz and global supply chain disruption risks. This measure is a short-term solution for the domestic packaging industry, which faces difficulties in obtaining naphtha, a key raw material, encouraging the use of LPG as an alternative.
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