"We see that the turmoil in commodity markets is only temporary because it is caused by the crisis in Egypt and in my mind it would not affect economies in Asian countries," Bambang PS Brodjonegoro, head of the fiscal policy affairs of the Finance Ministry, said here on Wednesday.
He said the Egyptian upheaval should have significant impacts on European countries which at present are entering the winter season.
Bambang said he government had made various assumptions in the state budget based on a one-year period so that it would not be reactive to the Egyptian turmoil.
"The assumptions in the state budget are based on an annual basis. (Prices) are high now because it is still in the January - February winter season. Hopefully it will begin to go down in the April - May dry season period," he said.
He said that the crude price assumption of US$80 per barrel was set on the annual basis so that it would be too early to carry out price analysis and price changes.
"It is too early if we are now reacting to altering the assumptions owing to the fact that the present situation is still a result of the January period. We have to look a little bit far ahead," he said.
Bambang said during the next dry season his ministry would review the crude oil prices so that it would be able to learn crude average price in the April- May period.
Referring to the spiraling of pertamax oil prices he said that they followed prices in the world market.
"If the world prices are going down they will also go down. It is quite possible that prices will go down," he said.(*)
Editor: Aditia Maruli Radja
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