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World Oil Prices Fall, Can BBM Go Down?

Jakarta

This was currently stated by the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif oil price raw world is getting better. This means that world crude oil prices are on a downward trend.

Therefore, Arifin communicated that there is a potential drop in Pertalite fuel prices due to the slope of world oil prices. He said it could happen.

“Yes, we will see if the price of oil improves, God willing (the price of Pertalite can go down),” Arifin told reporters at the Ayana MidPlaza Hotel, Central Jakarta, last Friday (9/9/2022).

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Earlier, SOE Minister Erick Thohir said the rising and falling prices of Pertamina’s fuel would also change the value of government subsidies. Therefore, a readjustment is needed that also takes into account the economic price.

“So, it means that the price of fuel is going down, yes, there has to be an overhaul, but it depends on how much the subsidy is still being granted at that time,” he told reporters at DPR RI Building, Jakarta, Thursday (8/9 / 2022).

As is known, in the last months after the war between Russia and Ukraine, oil price world crude has either risen significantly or has been above the US $ 100 per barrel level.

This figure is far from the macro assumption of Indonesia’s crude oil (ICP) price, which is only US $ 63 per barrel. Meanwhile, today, Monday (12/9/2022), world crude oil prices have started to slide in trade this morning.

Launched by CNBC Indonesia, at 6.10 WIB, the price of Brent crude was recorded at 92.62 US dollars per barrel, down 0.24% from the last position. Meanwhile, sweet West Texas Intermediate (WTI) fell 0.37% to US $ 86.47 a barrel.

Meanwhile, world crude oil prices have begun to be depressed by recession concerns and demand from China, the world’s largest consumer of crude oil.

Returning to Arifin, as regards the restriction on the purchase of subsidized fuels, it is said that it is still under discussion and in-depth analysis. The government is currently revising presidential regulation (Perpres) number 191 of 2014 relating to the price of supply, distribution and retail of BBM.

“Now we are discussing it because there are several options. The considerations are profound, we also need to identify them carefully,” he said.

On the other hand, Arifin asked the public to consciously save consumption BBM. This way, even the air you breathe can be cleaner.

“So now ask the public to try it or not, we can try it with the awareness of how to save energy, what usually comes out of 3 liters of gasoline cannot be just 2 liters, reduce the breathing air that is polluted with CO2,” He said.

(fdl / fdl)

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