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Doubts over announced fuel subsidy cut JAKARTA - Tempo Interactive reports that the State-Owned Oil company Pertamina have publicly admitted that are not prepared to implement the government policy to sell non-subsidized Pertamax fuel to the public on April 1, 2012.

ďFrom the 3,062 gas stations in Java and Bali, there are 687 stations that havenít switched their tanks to Pertamax,Ē said Pertaminaís director Karen Agustiawan, when reporting the National Energy Commission. The 687 stations that do not have Pertamax fuel will require time to make the necessary changes in their facilities, 295 of which will require additional investment to realize the changeover.

The government has announced their intention to stop the sale of premium gasoline to the general public on April 1st, limiting the sale of subsidized fuel to public transportation and motorcycles. Under the new policy, other vehicles will be required to purchase substantially more expensive Pertamax.

Even Indonesian Minister of Energy and Mineral Resources, Jero Wacik, has expressed his skepticism that the April 1, 2012 target date for the policy change in fuel supply can be met. Saying the government was considering all options to reduced the burden of fuel subsidies, Wacik added, "whether to increase the price a little or convert all to Pertamax or gas, thatís all possible and I donít know when itís going to be effective yet."


Related blog entries (category 'Economy') Related blog entries (category 'Economy'):
17 January 2012 · House to decide subsidized fuel cut next week
14 January 2012 · Indonesia's foreign investment to surpass $19 billion in 2012
12 January 2012 · Nike to pay $1 million to Indonesian workers for unpaid hours
07 January 2012 · Indonesia to begin publicizing subsidized fuel cutting policy
05 January 2012 · Indonesia to stop sending domestic workers abroad by 2017
05 January 2012 · Minister: 'Poverty rate down to 11,7 percent in 2013'

Related blog entries (category 'Economy') Tags: fuel, subsidy, cut, decision, doubts


Posted in Economy @ 22 January 2012 08:26 CET by Jeroen · 'Blog' RSS feed · permalink






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