2022 Fuel Subsidy Threatened to Swell

Thursday, 11 August 2022

2022 Fuel Subsidy Threatened to Swell

JAKARTA. The government estimates that the subsidy budget for oil fuel (BBM) in 2022 will swell to IDR 502 trillion from the previous IDR 152.1 trillion, for various types of fuel such as pertalite and diesel.

The increase occurred due to the depletion of the fuel quota and on the other hand, public consumption also increased. Citing, initially, the government assumed that fuel consumption was only 23 million kilo liters, but now it has risen to 28 million kilo liters.

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Meanwhile, quoting, if consumption is not controlled, the pertalite fuel quota is expected to run out in October or November 2022.

According to Pertamina data, the total pertalite quota until July 2022 is only 6.2 million kilo liters. Meanwhile, for certain types of fuel, such as subsidized diesel, the remaining 5.1 million kilo liters.

Shocked by Oil Prices

In addition, the swelling of subsidies also occurred due to the increase in the price of crude oil, which in the State Budget (APBN) is assumed to be at US$ 100 per barrel.

In its development, the assumption is that the price of crude oil will rise to US$ 120 per barrel." That will be pressure," said Sri Mulyani.

Thus, the former World Bank Managing Director advised PT Pertamina to control consumption volume. Because if left unchecked, the 2022 state budget will be affected.

Related to this, Sri Mulyani admitted that her party was coordinating with Pertamina and the Minister of Energy and Mineral Resources (ESDM) Erick Thohir.

One solution that the government has taken to control consumption is to use the MyPertamina application.

With this application, Pertamina can select vehicles according to vehicle specifications that are entitled to consume fuel and pertalite.


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