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

Launch of OKINO C100, tiny vape with O-Tape Coil technology. (Photo: OKINO Public Relations)

Kamis, 29 September 2022 - 15:38 WIB

OKINO C100, Tiny Vape With O-Tape Coil Technology

The consumption of e-cigarettes in Indonesia continues to increase. The Indonesian Personal Vaporizer Association (APVI) estimates that there are currently 2.2 million e-cigarette (vape) users.…

EH Free Swinging Hinges

Kamis, 29 September 2022 - 12:00 WIB

Southco Introduces Free-Swinging Hinges in New Materials to Meet Demanding, Heavy-Duty Applications

Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning…

President Jokowi distributes direct cash assistance in South Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 21:50 WIB

President Jokowi Distributes Assistances in South Buton

President Joko “Jokowi” Widodo Tuesday (09/27) distributed direct cash assistance (BLT) for fuel for beneficiaries of Family Hope Program (PKH) at Batauga post office, South Buton regency,…

President Jokowi at the inspection at PT Wika Bitumen, Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 19:00 WIB

President Jokowi Pushes for Revival of Asphalt Producing Industries in Buton

President Joko “Jokowi” Widodo Tuesday (09/27) expressed hope to Buton regency, Southeast Sulawesi province to maximize its potential so it can re-emerge as an asphalt-manufacturing industrial…

KRAIBURG TPE presents THERMOLAST® R

Rabu, 28 September 2022 - 17:00 WIB

KRAIBURG TPE to campaign in Düsseldorf: The focus is on sustainable products and discussion

To ensure that customers of KRAIBURG TPE always achieve the best result, individual materials solutions are developed for many requested applications. The result: Right in time for the 2022…