RI govt to implement new regulation on fuel oil soon

RI govt to implement new regulation on fuel oil soon

(ANTARA /Rosa Panggabean)

Jakarta (ANTARA News) - The Indonesian government will soon implement a new regulation on the use of subsidized fuel oils, Chief Economic Minister Hatta Rajasa said here on Thursday.

"The new regulation must be implemented so that the quota of subsidized fuel oils set at 40 million kiloliters for 2012 would be achieved," the minister told a hearing with the House Commission VII on energy and mineral resources.

During the hearing which discussed the macro assumptions in the 2012 draft state budget, the chief economic minister acted as interim minister for energy and mineral resources.

The minister for energy and mineral resources, Darwin Saleh, was representing the government in an Asia Pacific Economic Cooperation (APEC) meeting in the United States.

Also present in the hearing which was led Commission VII Chairman Teuku Riefky Harsya were Oil and Gas Director General Evita legoso and Director General for Electricity Affairs Jarman.

Hatta said that the government and the House of Representatives (DPR) have agreed in 2011 the amount of subsidized fuel oils at 40.49 million kiloliters.

The agreement on the assumed quota was reached without a policy arrangement on the use of subsidized fuel oils.

"Therefore we are optimistic that the amount of quota that would be agreed would reach 40 million kiloliters in accordance with the financial notes for 2012. It could reach that amount as far as it is regulated through a policy on fuel oils," the minister said.

He said that the proposal of 40 million kiloliters had taken into account the increasing number of vehicles and the economic growth.***5***


(T.SYS/B/A014/B/A014) 15-09-2011 19:28:41