– April 10, 2013Posted in: April 2013, Headlines, Highlights, TPP, Volume 2
The government is considering revising the price of subsidized fuel due to its disparity with the price based on economic calculation. The current price is Rp 4,500 per liter (approximately $0.46) and is less than half of the prices of nonsubsidized one. The initial budget for subsidized energy is Rp 274.7 trillion ($ 28.2 billion) and includes 46 million kiloliter of subsidized fuel. Yet, subsidized fuel is predicted to reach 51 million kiloliter of consumption this year and would cause a sharp increase of Rp 25.3 trillion ($ 2.6 billion) in the budget.
The decision will be announced his month, said a presidential staff for poverty reduction HS Dillon.
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