Finance Minister: Solar Subsidy Rp2,000 According to the Agreement

INDUSTRY.co.id - Jakarta - Finance Minister Sri Mulyani said the decision to increase solar subsidy to Rp2,000 per liter is in line with the discussion and agreement from various related parties.

"It will be sufficient to be combined with several steps taken by the Minister of Energy and Mineral Resources and Minister of State-Owned Enterprises in keeping Pertamina through several production blocks can get additional revenue," said Sri Mulyani met at Parliament Complex Senayan, Jakarta, Tuesday (5/6/2018)

The former managing director of the World Bank stated that the policy of adding the subsidy has been calculated along with Pertamina, PLN, Minister of Energy and Mineral Resources, and the Minister of State-Owned Enterprise, considering three things, namely community, state-owned condition and state budget health.

"From the calculation of consumption needs and current prices in the market compared to the existing determinants in the state budget, we estimate that Pertamina needs to be improved so that its financial condition can run well," she said.

Earlier, SOE Minister Rini Soemarno said the government has set an increase in subsidies for diesel fuel from Rp500 to Rp2,000 per liter.

"In the past, for diesel fuel assisted by the government of Rp500, now there is an additional Rp1.500 to Rp2.000.Now this with the APBN that can now be done with the signs in the APBN Act has been confirmed," said Minister of SOEs Rini Soemarno when reviewing the readiness of facilities and the infrastructure of Petroleum Fuel Terminal (TBBM) Pengapon, Semarang, on Friday.

For 2018, subsidized fuel quota is set at 16.23 million kiloliters. With this subsidy increase, the diesel subsidy budget increased from Rp9.3 trillion to Rp32.46 trillion.

Acting President Director of PT Pertamina (Persero) Nicke Widyawati also said that the subsidy amount to Rp2,000 per liter was already in line with Pertamina and the government.