The domestic fuel pricing policy has resulted in the huge amount of oil subsidy that should be provided by..."> The domestic fuel pricing policy has resulted in the huge amount of oil subsidy that should be provided by..."/>
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Energy sector policy advisory project : fifth quarterly report

The domestic fuel pricing policy has resulted in the huge amount of oil subsidy that should be provided by the government. The domestic fuels selling prices are set up by the government and are significantly lower than those of their production costs. Fuels production costs are influenced by the changes of international crude oil price and of rupiah exchange rate. The higher the crude oil price and the lower downfall of rupiah exchange rate, the higher the required oil subsidy. In the current economic crisis, the amount of oil subsidy is about of the national budget deficit. This means when there are limited options of solving the national budget deficit problem, removal oil subsidy is one of key measures. Even though removing energy subsidies by increasing energy prices would have impacts to the society, the psychological impacts frequently turn out to be more crucial. So, appropriate socialization energy subsidy removal program is necessary for the success of the government energy pricing policy. More importantly, according to EAPO finding, the Government should have firm grand strategy for removing energy subsidy.

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Location name is not set (2B) 333.7 ADV E
2014-03065
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Series Title
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Call Number
333.7 ADV E
Publisher
Austria : .,
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Language
Indonesia
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Classification
333.7
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Statement of Responsibility
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