JAKARTA - Danantara Dony Oskaria Chief Operating Officer (COO) denied the assumption that the increase in Pertamax prices was due to PT Pertamina (Persero) 's financial condition being disrupted or no longer able to bear the burden of selling non-subsidized fuel oil (BBM).
For information, PT Pertamina Patra Niaga officially raised the price of Pertamax from Rp. 12,300 per liter to Rp. 16,250 per liter starting today. The price of Pertamax Green 95 also increased from Rp. 12,900 per liter to Rp. 17,000 per liter.
Dony emphasized that the adjustment of the Pertamax price was carried out because the product was a non-subsidized fuel which by rule must follow the market price mechanism.
"No, this also needs to be straightened out. Friends, that's why you have to understand more. And in between it applies commercially. Therefore, it is also in the law for non-subsidies to follow market prices," said Dony when met at the DPR Building, Jakarta, Wednesday, June 10.
Dony said Pertamax is a non-subsidized fuel that is intended for the upper middle class. Therefore, the selling price cannot be continuously held by the government.
"That's right, it's a mandate that Pertamax must follow market prices, right. Otherwise, the time will be borne continuously," said Dony.
In fact, continued Dony, the current Pertamax price is still below the economic price that should be imposed on consumers. This means that the government is still compensating for non-subsidized fuel.
"But even then, we are only 50 percent of the real price," he said.
He also ensured that the decision to increase prices had been discussed and approved by the government, including the Ministry of Energy and Mineral Resources (ESDM).
"It has gone through the process with the Minister of Energy and Mineral Resources. So the Ministry of Energy and Mineral Resources through the Director General agreed to do that," he said.
Regarding concerns about the impact of the increase in Pertamax prices on inflation, Dony assessed that the impact was not significant because Pertamax users did not come from the industrial sector or mass transportation.
"It won't have that kind of impact. Because the use of Pertamax is in the upper middle class. Not for industry, not for mass transportation. That's what the Minister (of Finance) meant," he said.
Therefore, Dony asked the public not to worry too much about the economic impact of the policy.
"So it will not have an impact on inflation. There is no need to worry too much and we must be optimistic and calm," he said.
Furthermore, Dony emphasized that the increase in Pertamax prices still refers to the development of world oil prices and is not carried out excessively.
"This is raised, it is indeed in accordance with the world oil price. Unless we raise it beyond, it is actually below the value that we should impose," said Dony.
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