Government will gives the decision about the price of fuel oil for March 2018
News24xx.com - The rising prices of oil also gives positively impact for bugdet of Indonesian government.
Therefore, tax and non-tax revenues from oil and gas sector that estimated at IDR 113 trillion is more high up 10 percent to energy subsidies in 2018.
Following the rise of world oil prices in the last few days, the Ministry of Energy and Mineral Resources (ESDM) said that will evaluate again the price of Premium and Solar Fuel Type (BBM).
Secretary General of the ESDM Ministry, Ego Syahrial admitted that the price of oil in current world is increasing.
"We will evaluate about it in every week, and this decision has not been reviewed again, so there will be a decision before March 2018."
Ego does not want to mention what decisions the government will take. The reason because it is still under discussion that led by Deputy Minister of Energy and Mineral Resources, Arcandra Tahar.
In addition to oil prices, the government is also looking for other aspects.
"The ability of purchasing power should must be seen, so I can not give an answer now," Ego said.
At the end of December 2017, the government decided the price of Premium and Solar type fuel will not increase during January - March 2018. The current Premium price is IDR 6,450 per liter, and Solar IDR 5,150 per liter.
While the price of oil type WTI (Nymex) for contract February 2018 has reached USD 64.45 per barrel. Then contract for Brent in March 2018 reached USD 69.93 per barrel. Even the price of Brent oil on Thursday, January 11, 2018 had touched the level of USD 70.05 per barrel.
The oil price fluctuation has also been highlighted by the DBS Bank research team. The rise in world oil prices could trigger a rise in the price of fuel oil (BBM).
And will affect the rise in the price of staples caused by the high cost of production.
News24xx.com/par/dev
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