Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Indonesian Version
Anne Aprina Priskila, Kartini L Makmur
Following recent debate on government intervention on fluctuating fuel prices, Sudirman Said, the Minister of Energy and Mineral Resources (ESDM), has finally given some comments on the issue. The Minister has said that the government is not turning a blind eye to its fuel price policy and will not recklessly set it in accordance with full application of market mechanisms.
The Minister says the government will always stay involved in the determination of subsidized fuel prices. This is also mandated under a Constitutional Court decision that requires the government to be involved in determining the price of commodities that impact on the general public interest, including subsidized fuel.
Pursuant to Minister of ESDM Regulation No. 39 of 2014 and No. 4 of 2014, subsidized fuel includes diesel fuel and kerosene, aside from the most commonly-used gasoline (Premium) for which government intervention relates to.
The Minister has said that even though Premium prices may be subject to market price fluctuations, price hikes will only apply if there is a significant rise in global oil prices and possible substantial losses to Pertamina. Further, the Minister says he objects to the notion that the government is turning a blind eye to fluctuations in the price of premium fuel.
"The government will still intervene in fuel price determination to guard public interests based on due considerations. In the case that the price of premium fuel rises while the global price is below normal, in fact, the government will deploying subsidies for industrial sector,” the Minister said last week.
Further commenting on the issue, Sudaryatmo, member of the Indonesia Consumer Protection Foundation Foundation (YLKI), said the government must play its role in stabilizing fuel prices. He further asserts that the government must protect society from the destructive impact of price uncertainty and the weakening of the Rupiah.
"The government should not expose society to this oil price turmoil," he concluded.
(hot/kc)
Anne Aprina Priskila, Kartini L Makmur
Following recent debate on government intervention on fluctuating fuel prices, Sudirman Said, the Minister of Energy and Mineral Resources (ESDM), has finally given some comments on the issue. The Minister has said that the government is not turning a blind eye to its fuel price policy and will not recklessly set it in accordance with full application of market mechanisms.The Minister says the government will always stay involved in the determination of subsidized fuel prices. This is also mandated under a Constitutional Court decision that requires the government to be involved in determining the price of commodities that impact on the general public interest, including subsidized fuel.
Pursuant to Minister of ESDM Regulation No. 39 of 2014 and No. 4 of 2014, subsidized fuel includes diesel fuel and kerosene, aside from the most commonly-used gasoline (Premium) for which government intervention relates to.
The Minister has said that even though Premium prices may be subject to market price fluctuations, price hikes will only apply if there is a significant rise in global oil prices and possible substantial losses to Pertamina. Further, the Minister says he objects to the notion that the government is turning a blind eye to fluctuations in the price of premium fuel.
"The government will still intervene in fuel price determination to guard public interests based on due considerations. In the case that the price of premium fuel rises while the global price is below normal, in fact, the government will deploying subsidies for industrial sector,” the Minister said last week.
Further commenting on the issue, Sudaryatmo, member of the Indonesia Consumer Protection Foundation Foundation (YLKI), said the government must play its role in stabilizing fuel prices. He further asserts that the government must protect society from the destructive impact of price uncertainty and the weakening of the Rupiah.
"The government should not expose society to this oil price turmoil," he concluded.
(hot/kc)
Indonesian Version
Anne Aprina Priskila, Kartini L Makmur
Following recent debate on government intervention on fluctuating fuel prices, Sudirman Said, the Minister of Energy and Mineral Resources (ESDM), has finally given some comments on the issue. The Minister has said that the government is not turning a blind eye to its fuel price policy and will not recklessly set it in accordance with full application of market mechanisms.
The Minister says the government will always stay involved in the determination of subsidized fuel prices. This is also mandated under a Constitutional Court decision that requires the government to be involved in determining the price of commodities that impact on the general public interest, including subsidized fuel.
Pursuant to Minister of ESDM Regulation No. 39 of 2014 and No. 4 of 2014, subsidized fuel includes diesel fuel and kerosene, aside from the most commonly-used gasoline (Premium) for which government intervention relates to.
The Minister has said that even though Premium prices may be subject to market price fluctuations, price hikes will only apply if there is a significant rise in global oil prices and possible substantial losses to Pertamina. Further, the Minister says he objects to the notion that the government is turning a blind eye to fluctuations in the price of premium fuel.
"The government will still intervene in fuel price determination to guard public interests based on due considerations. In the case that the price of premium fuel rises while the global price is below normal, in fact, the government will deploying subsidies for industrial sector,” the Minister said last week.
Further commenting on the issue, Sudaryatmo, member of the Indonesia Consumer Protection Foundation Foundation (YLKI), said the government must play its role in stabilizing fuel prices. He further asserts that the government must protect society from the destructive impact of price uncertainty and the weakening of the Rupiah.
"The government should not expose society to this oil price turmoil," he concluded.
(hot/kc)
Anne Aprina Priskila, Kartini L Makmur
Following recent debate on government intervention on fluctuating fuel prices, Sudirman Said, the Minister of Energy and Mineral Resources (ESDM), has finally given some comments on the issue. The Minister has said that the government is not turning a blind eye to its fuel price policy and will not recklessly set it in accordance with full application of market mechanisms.The Minister says the government will always stay involved in the determination of subsidized fuel prices. This is also mandated under a Constitutional Court decision that requires the government to be involved in determining the price of commodities that impact on the general public interest, including subsidized fuel.
Pursuant to Minister of ESDM Regulation No. 39 of 2014 and No. 4 of 2014, subsidized fuel includes diesel fuel and kerosene, aside from the most commonly-used gasoline (Premium) for which government intervention relates to.
The Minister has said that even though Premium prices may be subject to market price fluctuations, price hikes will only apply if there is a significant rise in global oil prices and possible substantial losses to Pertamina. Further, the Minister says he objects to the notion that the government is turning a blind eye to fluctuations in the price of premium fuel.
"The government will still intervene in fuel price determination to guard public interests based on due considerations. In the case that the price of premium fuel rises while the global price is below normal, in fact, the government will deploying subsidies for industrial sector,” the Minister said last week.
Further commenting on the issue, Sudaryatmo, member of the Indonesia Consumer Protection Foundation Foundation (YLKI), said the government must play its role in stabilizing fuel prices. He further asserts that the government must protect society from the destructive impact of price uncertainty and the weakening of the Rupiah.
"The government should not expose society to this oil price turmoil," he concluded.
(hot/kc)