Government Plan to Raise Oil Fuel Subsidy

Government Plan to Raise Oil Fuel Subsidy

Indonesia Government had choose to raise oil fuel subsidy instead price hike altough the option will push down state budget harder.

Purnomo Yusgiantoro Minister of Energy and Mineral Resources (04/27) said the government be opted not to raise up the oil fuel price cause it could affect a lot toward Indonesian economy particularly on inflation rate.

According to 2008 revised state budget (APBN-P), oil fuel subsidy total allocation is IDR 126 trillion, if it shared in 4 quarter it could be IDR 31,5 trillion for each period.

But, during January-Maret 2008 period, based on statement of Mudjo Suwarno Director for Non Tax Government Revenue (PNBP), Ministry of Finance said the oil fuel subsidy in Q1 had reach IDR 32 trillion.

Purnomo further elaborate, government will keep observe and pay close attention to domestic situation and global crude oil market. beside government will keep an integration of production sharing contract operator to ensure domestic crude oil production. thus revenue quantity and would be paid subsidy comparison will be find out soon.

Purnomo said government will push down oil fuel consumption below 35,5 million kiloliter target through strategy such as oil fuel, diesel fuel and premium close distribution with smart card for public transportation and motor cycle and next is to remove oil fuel subsidy for private car.

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