Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

No Fuel Price Hike Despite Iraqi War Plan

22 July 2003 15:16 WIB

TEMPO Interactive, Jakarta:The Indonesian government will not increase fuel prices despite the possible Iraqi war. Fuel price will remain as they are now. But, the risk is that we will have to increase fuel subsidies, said Minister of Energy and Mineral Resources Purnomo Yusgiantoro before attending a limited cabinet meeting on the oil and gas sector at the Ministry of Finance in Jakarta on Friday (7/2). Yusgiantoro explained that despite oil prices continuing to increase, the government would not increase fuel prices. If the price increases were quite high, the government will add to fuel subsidies from windfall profit funds. Starting from now, the government plans to increase subsidies by Rp1 trillion each month while it is assumed that windfall profits will total Rp2.7 trillion each month. According to Yusgiantoro, the windfall profit assumption is carried out each month as some of the funds, after being deducted with local income, will be included in additional budget items. We will include this in certain items in the State Budget. We will then use this to cover the additional subsidies, he said. However, the government hoped that international fuel prices would be stable again this spring, around April. Usually, in spring, the international need for oil decreases as the public no longer needs heaters or coolers at that time. This will lead to fuel price decreases as the supply of oil is greater than the demand. Yusgiantoro also said that despite the possible war, the production of Iraqi oil still continues and reaches between 1.5 million to 2 million barrels per day. Also, several days ago, we heard that Venezuela has restarted oil production and is producing up to 1.2 million barrels per day. So, we have an additional supply from there, said Yusgiantoro. However, Yusgiantoro said he considered that the current price of international oil was still high, at US$30.5 per barrel, although it did drop to US$29.5. But this morning, the price went back up to US$30.5 per barrel, he said. The government also wants oil prices to be normal again in the next three months, or at least remain above to the US$22 per barrel set in the State Budget. According to Yusgiantoro, OPEC is hoping for prices to range between US$22 and 28 per barrel, the upper and lower limits of Indonesian fuel prices. So, if international oil prices goes down, fuel prices will likely decrease. If oil prices stay below US$25, fuel price will also decrease, said Yusgiantoro. (Dara Meutia UningTempo News Room)


Vietnam Economy Expands by 5.66% in Q1 as Exports Boom

1 jam lalu

Vietnam Economy Expands by 5.66% in Q1 as Exports Boom

Vietnam's gross domestic product in the first quarter grew 5.66% from a year earlier as exports boomed, government data released on Friday.


Minister: Indonesia Accounts for 54% of Global Palm Oil Export

2 jam lalu

Minister: Indonesia Accounts for 54% of Global Palm Oil Export

Indonesia is dominating global palm oil exports, accounting for 54 percent of world palm oil supplies, says the coordinating minister for economy.


Nuuk, Greenland, Among Cities With The Longest Fasting Duration During Ramadan

3 jam lalu

Nuuk, Greenland, Among Cities With The Longest Fasting Duration During Ramadan

One of the cities with the longest fasting duration is Nuuk, Greenland. There, Muslims have to fast for 16 hours during Ramadan this year.


Jokowi Aims to Complete Negotiation on 61% Freeport Share by June

4 jam lalu

Jokowi Aims to Complete Negotiation on 61% Freeport Share by June

President Jokowi aims to complete negotiations on increasing the government's share in PT Freeport Indonesia to 61 percent by June 2024.


Thailand PM Says Legalizing Casinos Good for Revenue and Jobs, Eyes Entertainment Project

4 jam lalu

Thailand PM Says Legalizing Casinos Good for Revenue and Jobs, Eyes Entertainment Project

Thailand is considering allowing casinos as another means of drawing in investment and tourism.


Indonesia-made Batteries Can Cut EV Prices by 30% Minister, Minister Says

4 jam lalu

Indonesia-made Batteries Can Cut EV Prices by 30% Minister, Minister Says

Indonesia will be able to reduce the domestic prices of electric vehicles, or EVs, by up to 30 percent by manufacturing its own EV battery.


UN Human Rights Committee Highlights Extrajudicial Killings in Papua

6 jam lalu

UN Human Rights Committee Highlights Extrajudicial Killings in Papua

The UN Human Rights Committee highlighted a pattern of extrajudicial killings of Papuans as human rights violation in Indonesia.


South Africa Bus Crash Kills 45 Easter Pilgrims, Transport Ministry Says

7 jam lalu

South Africa Bus Crash Kills 45 Easter Pilgrims, Transport Ministry Says

A bus crash in South Africa's northern province of Limpopo resulted in 45 deaths and one serious injury.


Many Brokers in Indonesian Politics

8 jam lalu

Many Brokers in Indonesian Politics

Parties supporting Prabowo Subianto are vying for ministerial posts. There is a wish to see the PDI-P join the coalition.


4 European Countries Ready to Recognize the State of Palestine

8 jam lalu

4 European Countries Ready to Recognize the State of Palestine

Palestine's struggle for independence remains a complex international issue.