Pertamina Presses Fuel Misappropriation Risk Of Up To IDR 3.04 Trillion

Illustration of fuel (Photo: dock. intermediate)

JAKARTA - PT Pertamina (Persero) reports that from August 1, 2022 to December 31, 2023, it has succeeded in reducing the risk of misuse of subsidized fuel worth 200 million US dollars or equivalent to Rp3.04 trillion.

"Since the implementation of thisception signal from August 1, 2022 to December 31, 2023, Pertamina has succeeded in reducing the risk of misuse of subsidized fuel worth 200 million dollars or around Rp. 3.04 trillion," said Pertamina President Director Nicke Widyawati, quoted on Friday, January 5.

It is known that Pertamina developed an alert system that sends an exception signal that is monitored directly by the Pertamina command center and followed up by a team in the field.

Nicke explained that the findings of this violation included filling in diesel over 200 liters for one motorized vehicle on the same day and filling in subsidized fuel by not including vehicle registration numbers.

He continued, Pertamina continues to increase cooperation with Law Enforcement Officials (APH) to increase supervision and prosecution of subsidized fuel abuse activities that are not in accordance with its designation.

"Pertamina encourages people to register the Proper Subsidy Program via the website to identify consumers who are entitled to and monitor consumption of JBT Solar and JBKP Pertalite," continued Nicke.

Nicke further added, throughout 2023, Pertamina received fuel compensation funds of Rp132.44 trillion (including VAT) or Rp119.31 trillion (excluding VAT). The payment of Rp132.44 trillion is payment for the Compensation Fund for the first quarter of III 2023 amounting to Rp82.73 trillion, in 2022 amounting to Rp49.14 trillion and 2021 amounting to Rp569 billion.

The funds are compensation for the difference in the selling price of formulas and retail selling prices at gas stations for distribution activities of certain types of diesel fuel (JBT) and Pertalite Special Assignment Fuel Types (JBKP) whose values have been reviewed by the Inspectorate of the Ministry of Finance of the Republic of Indonesia (Itjen Kemenkeu).