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Comments on other issues: Reserve funds to fend off fluctuating prices

July 24, p13The Energy and Mineral Resources Ministry has revived plans to provide special funding to cushion the impact of fluctuating global prices on the nation amid losses suffered by state-owned oil and gas firm Pertamina

The Jakarta Post
Wed, July 29, 2015

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Comments on other issues: Reserve funds to fend off fluctuating prices

J

strong>July 24, p13

The Energy and Mineral Resources Ministry has revived plans to provide special funding to cushion the impact of fluctuating global prices on the nation amid losses suffered by state-owned oil and gas firm Pertamina.

The special funding, named the '€œPetroleum Fund'€, would finance upstream industry exploration as well as reserve funds to make up for the disparity between government and global oil prices, which has affected Pertamina'€™s financial condition.


Your comments:

They are now proposing a fund to compensate state-owned company, Pertamina, for the losses incurred as a result of selling below the market price.

But they say this is not subsidy? What is it then? Jokonomics? Here is an idea. Why not sell at the market price? You wouldn'€™t sell a bowl of bakso below cost, would you Mr. President? Your warung wouldn'€™t last more than a week if you did so.

Abu-Abu


Stop politicizing fuel prices.

Just sell the stuff at its market price already. Village people attempting to regulate fuel prices without wanting to pay the bill is really tiring.

Kantisini

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