Acting Head of Fiscal Policy Office (BKF) Bambang P.S. Brodjonegoro
assessed, the government requires increasing the oil fuel price in order
to maintain fiscal health and complement the subsidized oil fuel
consumption restriction plan. “The optimal policy is between the price
increase and tight restriction of subsidized oil fuel consumption, both
of them should be combined, so you don’t have to increase the price that
much,” he explained.
According to him, the best time to increase the oil fuel price is
April 2013 because inflation is usually low during harvest period.
However, this measure depends on the approval of the President Susilo
Bambang Yudhoyono. He further stated that 10 percent increase is the
most ideal option.
As known, the availability of subsidized oil fuel, whose price is
below the international market price, has stimulated oil import. This
also contributes to Indonesia’s trade deficit.
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