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View all search resultsThe energy ministry has proposed to revise the price formula for subsidized diesel fuel that effectively annuls the ministry's April decree, which lowered the formula's HIP benchmark from 100 percent to 95 percent.
The Downstream Oil and Gas Regulatory Agency (BPH Migas) wrote in the letter that, as of last month, the distribution of subsidized diesel had reached 80.46 percent of the 14.5 million kiloliters stipulated in this year’s state budget.
State-owned energy company Pertamina has expressed its readiness to distribute subsidized Premium brand gasoline all over the country, but company spokesman Adiatma Sardjito declined to comment further, saying that the company would wait for the new regulation.
The fixed fuel price program in Papua, initiated by President Joko “Jokowi” Widodo in Dekai, Yakuhimo in Papua on Tuesday is vulnerable to misuse, therefore it needs serious law enforcement to avoid players from taking advantage of the scheme at the expense of the people, an expert says.
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