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

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…