Rabu, 04 Mei 2011

IMF Advises Indonesia Fuel Subsidy Limit


VIVAnews - The world caliber International Monetary Fund or the International Monetary Fund (IMF) participated spoke about government plans to limit the use of fuel oil (BBM) subsidy in the middle of world crude oil prices are more inflated.
IMF Senior Resident Representative in Indonesia, Milan Zavadjil, in Jakarta, Tuesday, May 3, 2011 opinion subsidized fuel restrictions in the country is actually already have established long ago. The reason, "Measures to limit the fuel subsidy is necessary not only because of the risk of rising international oil prices, but it is highly unproductive expenditure," said Milan Zavadjil in the building of Bank Indonesia, Jakarta, Tuesday, May 3, 2011.
IMF assess the Indonesian government should allocate budget subsidies on things more productive and provide a chain effect for the community.
Nevertheless, Zavadjil fully submit the issue of fuel restrictions on the Indonesian government. The IMF advised the government only really seriously and find an effective scheme to run the program.
Thinking about recent restrictions on subsidized fuel is re-rolling after a drowning because the government decided to cancel the plan in early April 2011.
This discourse is growing along with the spike in world oil prices. The increase was also reflected in the price of Pertamax, which are not subsidized. As of May 1, 2011 and then, Pertamax pegged at Rp9.050 price per liter, or 2 times the price premium is only Rp4.500 per liter.
As a comparison, albeit with different conditions, world crude oil price hikes have triggered the current petrol price increases in the United States. Regular gasoline rose a penny to be carrying U.S. $ 3.95 per gallon, or about Rp8.925 per liter. This price has risen 32 cents in the last month.
While in Indonesia, the high world crude oil price increase in gasoline prices sparked only unsubsidized like Pertamax and Pertamax plus. For the premium itself, the government remains in its decision to maintain prices at levels Rp4.500 per liter.
President Susilo Bambang Yudhoyono in a chance for National Development Planning Consultation (Mesrenbangnas) in 2012 had criticized the crude oil price rose sharply so that helped improve the petroleum and electricity subsidies. "If the greater will disturb the macro economy."
The President urged all regional leaders to seek savings in electricity and fuel. In fact, if necessary, local government (local government) could have issued a regulation for electricity and fuel consumption can be reduced.
Not to be outdone Spry, Minister of Finance (Finance Minister) Agus Martowardojo in an opportunity also to express his hope for a plan setting subsidized fuel consumption can be realized as soon as possible. In fact, a little more advanced, the government plans to gradually really will delete Premium products as automotive fuel.
Finance minister reasoned, fuel restrictions that continually postponed will threaten the government financially in this case the State Budget (APBN).
This statement is harder than the statements that had been issued by the former boss of Bank Mandiri. Previously, Agus believes only the government subsidy budget could still be saved with a program of subsidized fuel restrictions.
Despite the retreat from the original plan which subsidized fuel restrictions for Greater Jakarta, Agus was then still expect the program is still running with a wider coverage area in June 2011.
Premium Consumption
The study by Tim restricted fuel digawangi by three prominent universities in Indonesia, showed that the price increase Pertamax be Rp8.000 per liter, automatically create 10 percent of users would switch back to consume Premium.
This means that there will be increased consumption of premium due to the transition Pertamax users who ultimately burden the growing fuel subsidy.
Signaled the increasing consumption of premium has been seen since the last three months. Data as PT Pertamina (Persero) showed, during the first quarter of 2011, consumption was recorded 3 percent premium over a lot of capacity that have been defined. This year, the government allocates the volume of subsidized fuel at 38.5 million kl (KL).
BPH Migas also noted the decline in consumption in February 2011 Pertamax ago. Non-subsidized fuel consumption reached 53 054 KL, down compared to January 2011 which reached 62 727 KL.
As for consumption in February 2011 Premium, BPH Migas noted an excess of quota limits have been set as many as 1.7 Million KL. Premium Consumption in February 2011 reached 1.82 million KL.
Plan restrictions and the elimination of fuel subsidies Premium is not a workable policy for granted. Energy Observer, Pri Agung Rakhmanto, assess the government's plan removes premium is not unreasonable.
Pri Agung said the government's plan to push through a ban on the use of fuel subsidies Premium for only the black plate vehicle back and forth is not clear. Moreover, should eliminate subsidies and remove the Premium. "This is very serious challenge," said Executive Director of this Institute Reforminer.
Moreover, the infrastructure was subsidized fuel in Indonesia is very bad. For example, when previously there were plans to transfer Premium Pertamax for private cars in Greater Jakarta, many public refueling stations (gas stations) are not ready. Dozens of gas stations have to add more investment in order to sell Pertamax.
• VIVAnews

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