Indonesian President Susilo Bambang Yudhoyono on Wednesday called oil producer and consumer countries as well as other stakeholders to find solution to reduce the soaring oil prices which has reached nearly 150 U.S. dollars a barrel.
President Susilo told a press conference at Palembang, the capital of South Sumatra province that he would convey the message in the upcoming meeting of the G8-leaders in Hokkaido, Japan next week.
Susilo said that the biggest oil producer and consumer countries as well as oil companies must have a discussion to find a solution to stop continuously rising oil prices.
"It is the time for the biggest oil producer countries including member and non-member of OPEC countries, to sit together with the biggest oil consumer countries such as the United States, India and China as well as multi-national oil companies," said Susilo.
"Make a calculation and don't blame each other for too high consumption or lower supply. Find the best solution," he said.
The high oil and food prices have put a negative impact on the economies of several countries, particularly developing countries. Most Asian countries have raised oil prices recently due to rising global oil prices.
Indonesia has raised oil prices on average of 27.8 percent recently, which spark massive protest on the country.
Source:Xinhua
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