"We have allocated Rp965 billion for the gas conversion program and the complementary fund is being prepared," Finance Minister Agus Martowardoyo said at the Presidential Palace in Jakarta Monday.
He said the money is enough for the initial stage of the fuel oil conversion program.
In the near future, he said, a Presidential Regulation on fuel oil volume control would soon be issued by the government.
The finance minister hoped the public would consider gas fuel (BBG) as an alternative replacing premium which is being restricted following subsidized fuel oil control.
In this context, familiarization of fuel oil to gas fuel would be started earlier than the implementation of the subsidized fuel oil volume control on April 1, 2012.
The finance minister guarantees that the converter distributed free by the government would still prioritize quality and safety. The converters will be produced by domestic industry but in the early stages imports would still be necessary.
Agus said control of subsidized fuel oil volume would still be prepared by the government under the coordination of the Ministry of Economy and also involving the ministry coordinator for politics, law and security or people`s welfare.(*)
Editor: Aditia Maruli Radja
Copyright © ANTARA 2012
