Use New Fuel Price Formula, Government Wants More Efficient

By : Hariyanto And Aldo Bella Putra | Saturday, November 25 2017 - 16:00 IWST

Ilustrasi Antrian BBM (Ist)
Ilustrasi Antrian BBM (Ist)

INDUSTRY.co.id - Jakarta - The government through the Ministry of Energy and Mineral Resources (ESDM) is increasingly serious to change the formula for calculating the price determination of Fuel Oil (BBM).

Currently the ESDM Ministry intensively evaluates the formula for calculating fuel prices. The study addresses the structure and components of price formation.

With the change of price formation structure, it is expected that fuel price can be more efficient. "The possibility of a new formula, is being evaluated what this BBM looks like. Let it be efficient for the public, "said Deputy Minister of Energy and Mineral Resources, Arcandra Tahar, at the Ministry of Energy and Mineral Resources, Friday (24/11/2017).

The trend of rising world oil prices is one of the reasons the government evaluates the fuel price formula that has been used.

There are several price-forming components that the government will evaluate. So far, the basic price is formed by several components, namely the market index price (HIP), alpha costs consisting of distribution costs, storage costs, and the cost of domestic or imported refineries.

"Again reviewed, being evaluated, look at the formula, for example MOPS. I am learning to be repaired, if there is anything that can be fixed," said Arcandra.

To determine the HIP so far the government uses the price of MOPS. Fluctuations in oil prices will affect the price of MOPS.

"All we see is like the cost of his MOPS distribution, the storage margin if the tax is clear. Cost structure of each component we see," said Arcandra. (De)

News Comment

Today's Industry

Oleg Mogilevsky - Product Marketing Manager at Check Point Software Technologies (Photo by Linkedin)

Selasa, 10 November 2020 - 11:00 WIB

Five Reasons to Reevaluate Your Endpoint Protection

With the new emerging threats caused by remote working standards, security professionals need to reevaluate their approach to protecting endpoints. In order to do so, it’s vital that organisations…

Darrell Adams, Head of Southeast Asia & Oceania, Universal Robots (Photo by LinkedIn)

Selasa, 10 November 2020 - 10:30 WIB

Collaborative Robots Open New Horizons in Quality Control Processes

Collaborative robots (cobots) offer suitable solutions to manufacturers. Hence, cobot-based quality control and inspection systems that can transition between different end products in very…

Ilustration Hackers (Photo by Microwire.info)

Jumat, 30 Oktober 2020 - 11:20 WIB

Organisations Paid Hackers US$23.5 Million for These 10 Vulnerabilities in One Year

HackerOne report reveals cross-site scripting, improper access control, and information disclosure top list of most common and impactful vulnerabilities.

Clean Earth Technologies (CET)

Jumat, 30 Oktober 2020 - 10:30 WIB

Clean Earth Technologies’ New Class Of Polymers Invented By Associate Professor, Justin Chalker, Receives Australian Pm’s New Innovator Award

Associate Professor Justin Chalker has invented a novel class of polymers synthesised directly from elemental sulphur which is a waste by-product of the petrochemical industry and renewable…

Adi Ikan - Network Research & Protection Group Manager, at Check Point Software Technologies (Photo by Linkedin)

Jumat, 30 Oktober 2020 - 10:05 WIB

Measuring the Global Impact of the NSA’s Top 25 Vulnerabilities Being Exploited In the Wild

NSA’s list of top vulnerabilities were used to launch 3 million attacks in 2020, with 2.5 million of those attacks occurring in the last 6 months.