JAKARTA - Pertamina's President Director, Nicke Widyawati said that the cash flow of the SOEs she leads is now getting stronger because the government has paid compensation for the distribution of fuel and LPG subsidies that have been carried out last year amounting to Rp. 64.5 trillion. "This payment can strengthen cash flow to maintain national energy security. "Since early 2022, the government has continued to accelerate the payment of compensation for the distribution of subsidized fuel and LPG for the community.
As of April 2022, the government has paid compensation of Rp. 29.0 trillion, so that as a whole, throughout 2022, the total payment of subsidies and compensation for the period until 2021 that the government has paid to Pertamina is Rp. 93.5 trillion.
Nicke conveyed that this commitment shows the government's hard efforts in strengthening Pertamina's cash flow which will have an impact on national economic recovery and protect people's purchasing power. trillion and fuel compensation of Rp.234 trillion, bringing the total subsidy and compensation to Rp.401.8 trillion in 2022 (assuming the price of Indonesian crude oil is 100 US dollars per barrel). needed by the poor, middle class, vulnerable, and MSMEs, as well as a form of state presence to protect its people.
According to Nicke, the government has tried its best to face the challenges of crude oil prices.
When compared to other countries, Indonesia's fuel prices are among the two lowest in the world.
People need to be frugal in using fuel and LPG because these two fuel commodities are only intended for the poor, so that people can afford to switch to using non-subsidized fuel and LPG.
Currently, Pertamina is increasingly motivated to continue various efficiency and breakthrough programs in all business lines that have been initiated so that throughout 2021 it will generate savings of US$1.3 billion.
The company will make maximum efforts so that the subsidies allocated by the government for fuel and LPG in the 2022 State Budget can be utilized more optimally for people who need it and in accordance with the quota that has been set.
"We will carry out the mandate from the government by continuing to strengthen the governance of the distribution of fuel and LPG to make it more targeted, among others, by registering vehicles on the MyPertamina website," said Nicke.
Not only that, Pertamina also encourages public awareness to use fuel and LPG responsibly and more efficiently.
According to Nicke, the subsidy is a policy to ease the economic burden of the lower middle class, vulnerable to the poor and MSMEs, so that people who are classified as capable should switch to using non-subsidized fuel and LPG.
"We will ensure sufficient supply. Supervision will continue to be improved so that the allocation of fuel and LPG subsidies is right on target," said Nicke.
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