Announcement From Minister Of Finance Sri Mulyani! Pertalite Will Expire At The End Of September 2022

Minister of Finance Sri Mulyani (Photo: screenshot of DPD RI Youtube)

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani stated that the allocation of subsidized fuel oil (BBM) pertalite type will not be able to meet the needs until the end of the year. In fact, he said that the current stock is only able to last the longest until next month.

In his explanation, the subsidized pertalite quota for the 2022 period is 23 million kiloliters. Meanwhile, as of last July, consumption has reached 16.8 million kilo liters. This means that there is an average consumption of 2.4 million kilo liters per month.

"If we continue to follow this, the end of September will end," he said while attending a working meeting with the DPR RI at the Senayan Parliament Complex, Jakarta on Thursday, August 25.

According to the state treasurer, the high level of pertalite consumption cannot be separated from the fast-paced national economic recovery process this year that has made mobility higher.

"It turns out that from January to July our economy grew high, so the subsidized fuel quota was also consumed quickly," he said.

Ironically, the pertalite that runs out quickly is mostly enjoyed by the wealthy or well-off community groups. Thus, the target of fuel subsidies for the poor is not right on target.

"Ladies and gentlemen, as many as 86 percent of pertalite or equivalent to a value of Rp. 80 trillion, who enjoy the community at the level of the richest 30 percent from above. In fact, all pertalite subsidies are only 93 trillion. So the poor people only enjoy very little,” he asserted.

For information, the government initially only allocated a subsidy and compensation budget of Rp. 158 trillion. This figure then swelled to Rp502 trillion due to a surge in world energy selling prices due to ongoing uncertainty.

"Pertalite is priced at Rp. 7,650 per liter at gas stations. If we compare it with that, the price should be Rp. 14,450. The difference of IDR 6,800 is what the government has to pay to Pertamina," said Minister of Finance Sri Mulyani.