Djalil: Fuel price Evaluated, But Not Changed Until the End of August

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Directorate General of the Ministry of Energy and Mineral Resources (ESDM) forecast a rise in the price of fuel oil (BBM) can occur in August, September, or October.

Prediction of the Director General of Oil and Gas is delivered through the official website IGN Wiratmadja directorate general of oil and gas. According Wirat, if the rise in August, the price premium is estimated at USD 8000-8200 per liter. while diesel prices have not been rising because of the turmoil in world markets are not significant.

Premium price calculation Rp 8,600 per liter originating from the directorate of the world oil prices over the last six months. Calculations are also based on the assumption of the exchange rate for USD 12 989 per US dollar.

In response, the Minister for Economic Affairs Djalil make sure there are no changes in fuel prices until the end of August 2015.

Here's an excerpt more:

Are you sure fuel prices are not rising in August?
Yes, it seems there's no change in price until the end of August.

Is not there should be an evaluation fuel prices?
Based on my principle, there should be no fuel price evaluation based economic price. However, some time ago, Pertamina could provide economical price below.

So?
We also need to wait konfrmasi in advance by Pertamina and also the Minister of Energy and Mineral Resources. because, the price of fuel entirely on the authority of both. The decline in crude elsewhere. But there's a shortage. It means we do not fix the actual market price.

So do not go up huh?
To the end of August is expected no change in the price of fuel. if no evaluation in August will only statement alone, that there is no reduction or increase.

O yes, loss of Rp 12 trillion, which is experienced by PT Pertamina, how?
That's because during the middle of the oil price rise, fuel prices had been detained for not rising. Pertamina needs to be compensated ie, when oil goes down, the price does not go down or changed.

How rice reserves?
For rice reserve is still safe to October 2015. If the backup is no longer sufficient rice, imports can be done. Our view until August-September, how the collection of rice by Bulog (Logistics Agency). if you can buy domestic rice, we buy.

We have predicted there will be no harvest at the end of this year.

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