Government Guarantee - No Fuel Price Subsidy Increases

Jakarta - The Ministry of Energy and Mineral Resources (EMR) ensures the price of fuel oil (BBM) subsidy in at least one month ahead will not increase.

Results of monitoring and evaluation of the government towards the development of crude oil and petroleum product prices in world markets which showed a very significant price increase in two months ago. Then in the last month instead of oil prices declined again, for example, the average price of ICP (Indonesian Crude Price) in May 2010 only amounted to $ 77.02 per barrel.

Head of Legal and Public Relations of the Ministry of Energy and Mineral Resources said Sutisna Prawira based on these considerations, and the development of the rupiah against the U.S. dollar, the stability of national economy and state budget-P 2010, the Government determined that the provisions of Retail Sale Price Fuel Type Kerosene (Kerosene) , Regular Gasoline and Diesel Oil (Gas Oil) for Household Needs, Small, Fisheries, Transportation and General Services has not changed.

"Starting at 00:00 local time on June 15, 2010 stipulated that the retail selling price of certain fuels, namely Regular Gasoline, Diesel Oil (Gas Oil) and Kerosene (Kerosene) are not changed and remains," he said, "Sutisna said via press release , Sunday (13/06/2010)

Thus he said, that price regulation is still based on the Regulation of the Minister of Energy and Mineral Resources No. 1 of 2009, dated January 12, 2009 on Retail Sale Price Fuel Type Kerosene (Kerosene), Premium Gasoline and Diesel Oil (Gas Oil) for for Household, Small, Fisheries, Transportation and General Services.

Ie for Premium Gasoline Rp. 4500 per liter, Diesel Oil (Gas Oil) is Rp. 4500 per liter and Kerosene (Kerosene) is Rp. 2500 per liter.

As is known in every month the government is monitoring and evaluation of world oil prices, the result could be taken into consideration the government increases or decreases the fuel price subsidies. While for non-subsidized fuel oil (Pertamax), PT Pertamina (Persero) every two weeks (15 days) an evaluation of non-subsidized fuel prices.