ID :
26705
Sun, 10/26/2008 - 22:47
Auther :
Shortlink :
http://m.oananews.org//node/26705
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GOVT TO LOWER FUEL OIL PRICES EARLY NEXT YEAR
Bandung, Indonesia, Oct 26 (ANTARA) - The government is planning to lower fuel oil prices early next year in line with the down-ward trend in crude prices in the world market, State Minister for National Development Planning/Chairman of National Development Planning Board (Bappenas) Paskah Suzetta said.
"The government will hold a meeting with a number of ministers next week to discuss the plan to lower fuel oil prices," Suzetta said after attending the 44th anniversary celebration of Golkar Party here on Sunday.
He said that the government should pay attention to two things before deciding to lower fuel oil prices, namely fuel oil subsidy and the fluctuating rupiah exchange rate against the US dollar.
The minister said that although crude price in the world market had been going down, the government would continue its cash assistance (BLT) for the poor until next year.
In addition, Suzetta also explained the government's steps to protect home-made products from the flooding of illegal imported goods such as print 'batik' cloths from China.
In anticipation of the entry into Indonesia of such illegal goods, the government through the Customs and Excise Office would raise import duties, particularly on luxury goods.
"Increase in import duties will not be imposed on capital goods, however," he added.
"The government will hold a meeting with a number of ministers next week to discuss the plan to lower fuel oil prices," Suzetta said after attending the 44th anniversary celebration of Golkar Party here on Sunday.
He said that the government should pay attention to two things before deciding to lower fuel oil prices, namely fuel oil subsidy and the fluctuating rupiah exchange rate against the US dollar.
The minister said that although crude price in the world market had been going down, the government would continue its cash assistance (BLT) for the poor until next year.
In addition, Suzetta also explained the government's steps to protect home-made products from the flooding of illegal imported goods such as print 'batik' cloths from China.
In anticipation of the entry into Indonesia of such illegal goods, the government through the Customs and Excise Office would raise import duties, particularly on luxury goods.
"Increase in import duties will not be imposed on capital goods, however," he added.
