JAKARTA - Member of Commission VII DPR RI, Mulyanto, asked the Government to anticipate an increase in world crude prices after Iran's attack on Israel.
He assessed that sooner or later the Iran-Israeli conflict would have an impact on the increasing price of world crude oil. This is exacerbated by the weakening of the rupiah exchange rate against the US dollar which has reached Rp. 16,000 per dollar.
"Observing the sharp movement of world oil prices that have continued to climb since early 2024, especially after the Iran-Israeli conflict, the Government needs to immediately think about anticipatory measures," he said in a statement to the media crew, Monday, April 15.
Mulyanto said this condition was a kind of triple shock because it occurred amidst the increasing domestic oil and gas needs during the momentum of the holy month of Ramadan and Eid al-Fitr, as well as the increase in the US dollar towards Rupiah which exceeded Rp. 16,000 per dollar.
Mulyanto emphasized that as an oil and gas importer net country, the increase in world oil and gas prices will have a negative impact on the state budget, especially when the increase coincides with increasing domestic demand and soaring dollar exchange rates against the rupiah.
"It was different in the past when Indonesia was victorious as a country that exports oil and gas, where the increase in world oil and gas prices was a blessing for our state budget," he said.
For information. Today the price of WTI oil is 85.6 US dollars per barrel, it has continued to rise since the beginning of the year, from a price of 70 US dollars per barrel, an increase of 22 percent.
A fairly large number. Far above our macro state budget assumption in 2024 which is only 82 US dollars per barrel.
"Even though the Minister of Energy and Mineral Resources has just set an ICP for March 2024 amounting to USD 83.8 per barrel (April 2, 2024)," explained Mulyanto.
관련 항목:
Mulyanto asked that the government's anticipatory steps do not take policy options that harm the small people, such as increasing the price of bbm or subsidized LPG gas.
"The anticipatory steps should not even sacrifice the people and increase inflation," concluded Mulyanto.
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