Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Who Fueling Who?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Who Fueling Who?

Decision to Postpone Reducing Fuel Subsidies Placing Heavy Burden on Indonesia’s State Budget


Bali News: Bali, Indonesia, Fuel, Subsidies, Indonesia Crude Oil, House of Representatives, DPR, Pertamax, Indonesia Crude Oil, Finance Minister, D.W. Martowardojo, State Budget, premium
Click Image to Enlarge

(4/6/2012)

Bisnis.com reports that government subsidies for fuel will increase between Rp. 4-5 trillion (US$444 to $555 million) each month that the current heavily subsidized price supports for fuel continue in Indonesia.

Indonesia’s Finance Minister D.W. Martowardojo outlined the growing burden to the national budget, saying the planned subsidy of Rp 123.6 trillion (US$13.7 billion) in the 2012 State Budget has now ballooned to Rp. 137.38 trillion (US$15.3 billion).

The rising burden in fuel subsidies is the result of increasing use of subsidized fuel from an estimated 40 million kiloliters in the 2012 budget to 47 million kiloliters. During the first two months of 2012, Indonesia consumed 7.02 kiloliters of subsidized fuel or 18.79% of the quota estimated by the government.

The Minister also expressed fears that the heavily subsidized fuel in Indonesia with prices that are 75% less than the world average for a liter of gasoline also provide incentives for hoarding and the smuggling of fuel.
He also said that he anticipated that the current price situation and the rising price of non-subsidized Pertamax fuel would see more motorists turn to using the subsidized premium fuel.

The House of Representatives have ruled that fuel prices can only be increased if the price of Indonesia Crude Oil exceeds an average of US$120.75 per barrel for a period of 6 months.

Related Article

[Fuel Price Increase Delayed For Now]


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Swinging for Charities
World Cup Charity Golf Tournament at New Kuta Golf Club Saturday, May 20, 2017
(4/23/2017)
Strong Start for Foreign Arrival Figures for 2017
Bali by the Numbers Foreign Tourist Arrivals to Bali Up 25.95% for January-February 2017. Mainland Chinese Visitors Take a Commanding Lead in Bali Tourism.
(4/23/2017)
What? Fore!
Yak Magazine Golf Community Cup – Saturday, April 29, 2017
(4/23/2017)
Statuary Reef
Underwater Monument Garden Erected at Tejakula, North Bali
(4/23/2017)
Bali: Just Too Many Rooms
GIPI Official Says Continuing Oversupply of Rooms Reduces Average Occupancy at Bali Hotels to 35%
(4/23/2017)
For Your Bali Shopping List
5 Things to Buy During a Bali Holiday
(4/22/2017)
Fugitive Criminal Seeking an Escape
Chinese Criminal Attempts Suicide While Awaiting Extradition to China
(4/22/2017)
Kartini Hangs Ten
Female Surfers in Bali Celebrate Kartini Day by Wearing Sarong Kebayas
(4/22/2017)
Telling Bali You’re the Best
TripAdvisor Travels to Bali to Bestow ‘Best Destination’ Award on the Island
(4/22/2017)
Keeping a Closer Eye of Foreign Visitors
Denpasar Cracking Down on Foreigners Not Following the Immigration and Manpower Regulations
(4/21/2017)
Contraband – Smashed and Burned
Contraband – Smashed and Burned by Bali Customs Office
(4/21/2017)
When the Spirit Moves You
Traditional Dance Performance in Marga, West Bali Turns Bloody when Audience Runs Amuck in Frenzied Trance
(4/21/2017)
All [News]!