Indonesia Calculating Premium Gasoline Price Increases
February 21, 2012
An Indonesian attendant fills up a car with gasoline at a station in Jakarta. (EPA Photo)
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499575Reducing the subsidy will reduce the massive strain on the government's coffers. However it's hard to believe that this saved cash will then be funnelled into education, medical facilities, etc.
dear our Indonesian people, please be ready for the next harder life test.thank you
Sbd. I dont think it matters what mega says. She sold out our gas assets to china way below intl price... As long as she can go on her shopping sprees and med check ups its all fine... Why to care about the state finances...
It will be interesting to see the reactions of the minor parties/ individual lawmakers when finally the Authorities bite the bullet and increase the price of premium gasoline price, followed by the inevitable negative reaction by certain user groups. Megawati grumbled after the first increase in the prices of subsidized fuel products in SBY's first Presidential term that she didn't think such prices needed to be increased. One wonders if Megawati will show any more maturity after the upcoming increase in the price of premium gasoline.
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The Indonesian government is now calculating a price increase for subsidized premium gasoline in line with a proposal to limit fuel consumption, a minister has confirmed.
Energy and Mineral Resources Minister Jero Wacik said on Tuesday that the government, which has planned to draw up a policy this year to limit gasoline use, is considering a price within the reach of most people.
“The option of reducing subsidy by increasing price will take into account people’s purchasing power,” the minister said.
However, he added, the fuel-to-gas conversion option would remain to be applied until the next several years.
The government will also increase the number of infrastructure facilities at refueling stations to provide enough high-octane Pertamax stock, he said.
Wacik said that the government’s proposals would be jointly studied by the House of Representatives Commission VII on energy affairs. The decision will be made before April 1.
The minister said that the government was also preparing the draft 2012 revised state budget that would be submitted to the House.
It is expected that the 2012 revised state budget would accommodate the increase in the premium gasoline price.
“It is hoped the proposals will be cleared before the deadline of April 1, 2012, after which a definite decision has to be taken,” the minister said.
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