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Pertalite

Monday, September 12, 2022

Ilustration Imam Yunianto

Next Year's Subsidy Disaster

The problem did not come close to ending with the fuel price hike on September 3. Next year, the situation can be even worse. If it does not want the budget to be eaten up by the energy subsidy, the government must once again raise fuel prices.

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Monday, August 29, 2022

Customers at an egg trader in Kebayoran Market, Jakarta, August 22. The price of chicken eggs in Jakarta has shot up between Rp30,000 to Rp33,000 per kilogram.
Tempo/Tony Hartawan

Toward the Peak of Inflation

The rise in food and fuel prices is out of control. The Russia-Ukraine war triggers the inflation.

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Monday, August 29, 2022

An employee fills Pertalite subsidized fuel into an Innova, a car with an engine displacement above 1,500 cc, at George Obos gas station, Palangka Raya, Central Kalimantan, July 5.
ANTARA FOTO/Makna Zaezar

Pertamina’s Financial Crisis

Pertamina must cover the difference in Pertalite and diesel fuel’s prices as the government is late in paying compensation. The state oil company is resorting to debt securities to make up for its deficit.

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Monday, August 29, 2022

Motorists line up to fill up their motorcycle with Pertalite gasoline at a gas station in Kebon Jeruk, West Jakarta, August 22. President Joko Widodo is to announce a new policy on subsidized fuel. It is predicted the price of Pertalite and diesel fuel would be increased by Rp2,000 to 3,000 per liter.
TEMPO/Febri Angga Palguna

Price Hikes in Sight

Jokowi will soon announce an increase in the price of subsidized fuel. Diesel fuel and Pertalite gasoline prices will be raised by Rp2,000 to 3,000 per liter.

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Monday, August 22, 2022

Ilustration Imam Yunianto

Increasingly Unrealistic Subsidy Policy

Much evidence has shown that injecting fuel subsidies is becoming increasingly unrealistic. If the government opts to continue, the credibility of its budget can slip even further. Pertamina and the government’s ﬁnances will not be able to bear the mounting losses.

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Monday, April 11, 2022

When Enough is Enough

When Enough is Enough

The government is retaining subsidies for Pertalite gasoline. This puts huge pressure on Pertamina and the state budget.

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Monday, April 11, 2022

Motorcycles line at the gas station in Kuningan, Jakarta, April 1. Pertamina increases the price of Pertamax from Rp9,000 to Rp12,500 per liter starting from April 1, 2022.
Tempo/Tony Hartawan

Another Promise of Compensation

The government issues new policies on the price and distribution of fuel oil. But Pertamina’s finances are already bruised and battered.

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