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

By : Herry Barus And Aldo Bella Putra | Wednesday, June 06 2018 - 22:30 IWST

Solar Ilustrasi
Solar Ilustrasi

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.

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…