ID :
39825
Fri, 01/09/2009 - 22:08
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https://www.oananews.org//node/39825
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GOVT TO LOWER FUEL OIL PRICES FURTHER : VP
Jakarta, Jan 9 (ANTARA) - Vice President Jusuf Kalla indicated on Friday the government would announce another cut in domestic fuel oil prices but he did not mention any figures.
"God willing, the prices will be lowered again on January 15. The government is committed to alleviating the people's burden in line with the current world crude price," the vice president told a press conference.
Asked by how much the prices would be cut, the vice president refused to give details and asked the people to wait.
He said there were three factors that had to be taken into account in setting new fuel oil prices, namely the rupiah's exchange rate, the world crude price and the amount of subsidies made available in the state budget.
Earlier, the chairman of the Indonesian Chamber of Commerce and Industry (Kadin), MS Hidayat, had said the government was expected to accept Kadin's proposal for another Rp500-per-liter cut in premium gasoline and diesel oil prices.
"I am not authorized to say that the government is going to announce the price decreases but if I look at the signals it is likely that the government will accept Kadin's proposal," MS Hidayat said after a meeting with President Susilo Bambang Yudhoyono.
He said there would be a meeting on January 12 to discuss or to announce it (fuel oil price cut) which was expected to take effect on January 15.
The prices of subsidized premium gasoline and diesel oil are expected to be lowered to Rp4,500 per liter and Rp4,300 per liter respectively.
Hidayat said a cut by about Rp500 per liter of the fuel oil prices followed by the lowering of transportation fares would help maintain or even increase the people's purchasing power in the current economic crisis.
"God willing, the prices will be lowered again on January 15. The government is committed to alleviating the people's burden in line with the current world crude price," the vice president told a press conference.
Asked by how much the prices would be cut, the vice president refused to give details and asked the people to wait.
He said there were three factors that had to be taken into account in setting new fuel oil prices, namely the rupiah's exchange rate, the world crude price and the amount of subsidies made available in the state budget.
Earlier, the chairman of the Indonesian Chamber of Commerce and Industry (Kadin), MS Hidayat, had said the government was expected to accept Kadin's proposal for another Rp500-per-liter cut in premium gasoline and diesel oil prices.
"I am not authorized to say that the government is going to announce the price decreases but if I look at the signals it is likely that the government will accept Kadin's proposal," MS Hidayat said after a meeting with President Susilo Bambang Yudhoyono.
He said there would be a meeting on January 12 to discuss or to announce it (fuel oil price cut) which was expected to take effect on January 15.
The prices of subsidized premium gasoline and diesel oil are expected to be lowered to Rp4,500 per liter and Rp4,300 per liter respectively.
Hidayat said a cut by about Rp500 per liter of the fuel oil prices followed by the lowering of transportation fares would help maintain or even increase the people's purchasing power in the current economic crisis.
