The initiative right has been issued, and now we will follow up to improve earlier (regulations) by adjusting it with the current conditions
Jakarta (ANTARA) - The revised presidential regulation on oil fuel price, which regulates subsidized fuel distribution, will be completed and implemented by August this year, Minister of Energy and Mineral Resources Arifin Tasrif has informed.

The revision to Presidential Regulation No. 191 of 2014 on the provision, distribution, and retail selling price of oil fuel will also affect the sale of the subsidized Pertalite RON 92 and Solar diesel fuels, he said.



"(This August), God Willing. We must work fast because the items are already available," Tasrif said here on Wednesday.



Though he did not provide further details about the items, he informed that the ministry has used the right to initiate revisions on regulations so they can be adjusted to specific conditions.


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"The initiative right has been issued, and now we will follow up to improve earlier (regulations) by adjusting it with the current conditions," the minister said.



The government will continue intensive discussions to respond to and anticipate the potential for the energy and food crises caused by the ongoing geopolitical conflicts, Tasrif affirmed.



With the effects of the energy crisis starting to be felt in Indonesia, the government is ensuring the stability of fuel supply, he said, adding that it has intensified efforts to ensure accurate distribution of fuel due to depleting supply.



"So far, we have always ensured that the oil fuel remains available, but the fuel (distribution) must be accurate and right on target. The subsidy is intended to provide fuel for residents with low purchasing power," the minister informed.


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He also confirmed that the government will retain the current retail price of the Pertamax RON 92 fuel amid the planned restriction of subsidized fuels.



"Pertamax is not among the regulated oil fuel yet as we understand the current purchasing power stage, we will retain the price for now, but we will continue monitoring the current development," Tasrif said.



Earlier, state-owned oil company Pertamina made the use of the MyPertamina application a requirement for buying subsidized Pertalite and Solar diesel fuel oil in order to ensure accurate subsidy distribution. As of July 23, 2022, some 220 thousand vehicles have registered on the MyPertamina platform.



Related news: MyPertamina registration conducted online or at petrol station

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Translator: Ade Irma Junida, Nabil Ihsan
Editor: Fardah Assegaf
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