LPG price remains stable till next year: minister

The Jakarta Post , Jakarta | Wed, 09/03/2008 2:37 PM | National

Responding to mounting public concern, the government confirmed Wednesday that LPG prices would remain stable until the 2009 election.

State Minister for State Enterprises Sofyan Djalil reiterated that the government would not allow Pertamina to raise the price of 12-kilogram and 50-kilogram LPG after the state-owned company already increased the prices of the two by Rp 500 last month.

"It is guaranteed there will be no more increases until next year, the next decision, and the election," Sofyan said, as quoted by Antara.

The cost of LPG, which some have dubbed as the new kerosene, is now Rp 5,750 (0.59 USD) per kilogram, a stark increase from its previous price of Rp 4,250 back in June.

According to Sofyan, the government's decision was based on mounting speculations that recent LPG shortages would bring Pertamina to raise prices. (amr)

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