JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) revealed that it will maintain energy subsidies in 202 in order to maintain people's purchasing power.
It is known that the realization of energy subsidies in 2023 is IDR 159.6 trillion, consisting of subsidies for fuel oil (BBM) and LPG of IDR 95.6 trillion and electricity subsidies of IDR 64 trillion.
"Then in 2024 the target is for fuel and LPG of IDR 113.3 trillion," said ESDM Minister Arifin Tasrif in a press conference on the Achievement of the 2023 ESDM Sector and the 2024 Work Program at the Office of the Ministry of Energy and Mineral Resources, Jakarta, Monday 15 January.
He said this amount was an anticipation of raw material prices such as crude oil whose demand continued to increase in 2024.
"We also see that electricity has also increased to Rp73.6. The total subsidy is Rp186.9 trillion," continued Arifin.
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Arifin said that efforts were needed to optimize subsidies through a series of government policies so that they were right on target and accepted by the public and did not exceed the set target.
"We also hope that there will be global changes in conditions that can have a good positive impact on our domestic subsidy savings," he concluded.
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