ID :
16008
Fri, 08/15/2008 - 22:06
Auther :
Shortlink :
https://www.oananews.org//node/16008
The shortlink copeid
GOVT ADVISED NOT TO OVER-REACT TO WORLD CRUDE PRICE VOLATILITY
Jakarta, Aug 15 (ANTARA) - The House of Representatives (DPR) has asked the government not to over-react to the volatility of the world's crude price and not to change too soon the basic assumption of average domestic oil price in the draft 2009 stage budget.
"The House is of the opinion that the world economic turbulence and crude price volatility tend to develop uncertainties and difficult to predict," House Speaker Agung Laksono told the DPR's plenary session and the opening of its first 2008-2009 sitting period here on Friday.
He said that the oil price projection should be set at a realistic level by reflecting to the 2008 oil price conditions.
"The government should be sharper in analyzing the trend of the world oil turbulence by taking into account factors that played a key role in the price fluctuations," he said.
The House speaker said the DPR and the government had agreed in previous meetings to draw up the draft 2009 state budget that the Indonesian crude price for the 2009 state budget be set at a range between US$95 and US$120 a barrel.
Besides, the DPR and the government also agreed the Indonesian crude lifting at 927,000 to 950,000 barrels per day and the rupiah exchange rate at Rp9,000-Rp9,200 per 1 US dollar, he said.
"The House is of the opinion that the world economic turbulence and crude price volatility tend to develop uncertainties and difficult to predict," House Speaker Agung Laksono told the DPR's plenary session and the opening of its first 2008-2009 sitting period here on Friday.
He said that the oil price projection should be set at a realistic level by reflecting to the 2008 oil price conditions.
"The government should be sharper in analyzing the trend of the world oil turbulence by taking into account factors that played a key role in the price fluctuations," he said.
The House speaker said the DPR and the government had agreed in previous meetings to draw up the draft 2009 state budget that the Indonesian crude price for the 2009 state budget be set at a range between US$95 and US$120 a barrel.
Besides, the DPR and the government also agreed the Indonesian crude lifting at 927,000 to 950,000 barrels per day and the rupiah exchange rate at Rp9,000-Rp9,200 per 1 US dollar, he said.
