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Ada Pertanyaan? Hubungi Kami Anne Aprina Priskila, Kartini L Makmur
Due to the recent fluctuating global price of crude oil and also the weakening of the rupiah’s exchange rate against the US dollar, the government is now discussing an adjustment plan including the probability of raising the price of subsidized fuel (Premium type).I Gusti Nyoman Wiratmaja Puja, Acting Director General of Oil and Gas and Mineral Resources at the Ministry of Energy and Mineral Resources (ESDM), has acknowledged a potential price hike.
"Oil’s average price and also the weakening of the rupiah exchange rate are the basis for a gradual fuel price adjustment," Mr. Puja confirmed in Jakarta on Monday.
However, ESDM Minister Sudirman Said said that the government is still reviewing the prossiblityof a price hike. According to him, a rupiah exchange rate ofIDR 13,200 per US dollar is not alarming. In such a case, the government will still keep fuel prices at the same level as long as no urgent situation arises.
As a major player in the fuel industry, Pertamina supports the plan to increase the price of subsidized fuel. Suhartoko, Pertamina’s Senior VP of Fuel Marketing and Distribution, said that his company supports the plan, as currently Pertamina is experiening losses due to the weakening of the rupiah’s exchange rate.
Mr. Suhartoko, however, was reluctant to discuss the details of the proposed price hike from Pertamina, which could also possibly pose a risk of stockpiling and as a consequence massive fuel shortages.
"Once we expose the proposed price raise, people tends to stockpile," said a concerned Mr. Suhartoko.
Commenting on the issue, Marwan Batubara, Director of Indonesia Resources Studies (IRESS), would be surprised if government decided to raise the price of premium fuel in the midst of a current low global oil prices —around 50 US dollar per barrel.
In addition, the government’s failure to channel fuel subsidies to the right targets remains as trong hit to low-income earners, despite the aim of the subsidy distribution to protect them from the domino effect of a price hike.
(hot/kc)
Anne Aprina Priskila, Kartini L Makmur
Due to the recent fluctuating global price of crude oil and also the weakening of the rupiah’s exchange rate against the US dollar, the government is now discussing an adjustment plan including the probability of raising the price of subsidized fuel (Premium type).I Gusti Nyoman Wiratmaja Puja, Acting Director General of Oil and Gas and Mineral Resources at the Ministry of Energy and Mineral Resources (ESDM), has acknowledged a potential price hike.
"Oil’s average price and also the weakening of the rupiah exchange rate are the basis for a gradual fuel price adjustment," Mr. Puja confirmed in Jakarta on Monday.
However, ESDM Minister Sudirman Said said that the government is still reviewing the prossiblityof a price hike. According to him, a rupiah exchange rate ofIDR 13,200 per US dollar is not alarming. In such a case, the government will still keep fuel prices at the same level as long as no urgent situation arises.
As a major player in the fuel industry, Pertamina supports the plan to increase the price of subsidized fuel. Suhartoko, Pertamina’s Senior VP of Fuel Marketing and Distribution, said that his company supports the plan, as currently Pertamina is experiening losses due to the weakening of the rupiah’s exchange rate.
Mr. Suhartoko, however, was reluctant to discuss the details of the proposed price hike from Pertamina, which could also possibly pose a risk of stockpiling and as a consequence massive fuel shortages.
"Once we expose the proposed price raise, people tends to stockpile," said a concerned Mr. Suhartoko.
Commenting on the issue, Marwan Batubara, Director of Indonesia Resources Studies (IRESS), would be surprised if government decided to raise the price of premium fuel in the midst of a current low global oil prices —around 50 US dollar per barrel.
In addition, the government’s failure to channel fuel subsidies to the right targets remains as trong hit to low-income earners, despite the aim of the subsidy distribution to protect them from the domino effect of a price hike.
(hot/kc)