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Gov`t to Maintain Fuel, Electricity Prices in Q1 2018

2017.12.28 09:52:54 | 2017.12.28 09:53:15
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The government has decided to maintain stable subsidized fuel and electricity prices throughout the first three months next year, the Energy and Mineral Resources Minister Ignasius Jonan said on Wednesday

The government has decided to maintain stable subsidized fuel and electricity prices throughout the first three months next year, the Energy and Mineral Resources Minister Ignasius Jonan said on Wednesday

The government has decided to maintain stable subsidized fuel and electricity prices throughout the first three months next year, the Energy and Mineral Resources Minister Ignasius Jonan said on Wednesday.

The administered prices are major drivers towards the economy`s inflation rate and can significantly affect the country`s poor purchasing power, which has failed to rise significantly over the past twelve months.

"Our decision was taken in consideration of people`s purchasing power," Jonan said in a press briefing.

State-run energy company Pertamina has said it will sell subsidized RON 88 gasoline at Rp 6,450 ($0.47) per liter, while the selling price for subsidized diesel fuel will remain at Rp 5,150 per liter.

Electricity costs will also remain the same for all classes of customers.

Customers who subscribe for 450 volt ampere (VA) power will continue to pay Rp 415 per kilowatt hour (kWh), while 900 VA power subscribers will continue to pay Rp 605 per kWh.

Non-subsidized subscribers will see no changes to their current invoices.

By Jakarta Globe (Published: 27/12/2017)

http://jakartaglobe.id/business/govt-maintain-fuel-electricity-prices-q1-2018/

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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