The Government Does Not Want To Lower The Price Of Solar And Pertalite, Director General Of Oil And Gas ESDM: Still Under The Economy

Illustration (Photo: Doc. Antara)

JAKARTA - The Director General of Oil and Gas (Dirjen Migas) of the Ministry of Energy and Mineral Resources, Tutuka Ariadji, revealed that the government has no plans to reduce the price of subsidized fuel oil (BBM) in the Solar and Pertalite types.

The reason is, the prices of Pertalite and Solar are currently still below the economy.

"The price of the Solar Specific type of fuel (JBT) and the Special Assignment Fuel Type (JBKP) is actually still below the economy, so there is no need to change it. What needs to be changed is the amount of the subsidy," he said at the Energy Corner, Monday, October 10.

For this reason, continued Tutuka, the government will find it difficult if later it has to re-adjust the price of fuel.

Tutuka believes that world oil prices are one of the most difficult commodities to predict because they follow the demand and supply.

"The price of oil will be disrupted because there is geopolitical but it will decrease again and be stable again," added Tutuka.

For your information, oil prices slipped in Asian trade on Monday morning, down from a five-week high, as markets took profits following last week's strong rise amid tighter supply expectations following OPEC+ cuts and ahead of the European Union's embargo on Russian oil.

Brent crude futures slumped 81 cents, or 0.8 percent, to trade at 97.11 dollars a barrel at 01.31 GMT.

Meanwhile, US West Texas Intermediate (WTI) crude futures are trading at 91.88 US dollars per barrel, 76 cents, or 0.8 percent weakened.