Fixed Fuel Price for Certain Fuels in the 2008 State Budget

This Minister of Energy and Mineral Resources Regulation has been issued in order to implement the provisions of Article 8 of Presidential Regulation No. 71 of 2005. The Regulation, No. 1764 K/12/MEM/2008, also takes into account Minister of Finance Letter No. S-149/MK.02/2008 which also deals with the fixed prices of certain fuels and LPG.

The price of fuel is to include both distribution fees and margins. However, the Regulation sets the distribution and margin limit to a maximum limit of 9%.

The Regulation includes an attachment that stipulates the types of fuels included in the provisions and the volume of each type of fuel that is to be subsidized. These fuels include premium, kerosene, and diesel at volumes of 16,976,292 KL, 7,561,454 KL, and 11,000,000 KL, respectively.

The Regulation was issued on 29 May 2008 but has been in effect since 1 January 2008.