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Govt to Announce Gas Price Cut for Industries

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22 November 2016 17:04 WIB

Minister Energy and Minertal Resources (ESDM) Ignasius Jonan during inauguration in state palace, Jakarta, Oct. 14, 2016. Tempo/ Aditia Noviansyah

TEMPO.CO, Jakarta - Minister of Energy and Mineral Resources Ignasius Jonan said his ministry will announce the gas price cuts for industries tomorrow, November 23.  

"We will announce it at the Energy Ministry [building] tomorrow, Jonan said Tuesday, November 22, Bisnis Indonesia reported.

Jonan's deputy minister Arcandra Tahar said three sectors will be able to enjoy lower gas prices: petrochemical, fertilizer, and steel. 

"We are looking at it from the multiplier effect; the [industries] with the most multiplier effects will be given the incentive first," Arcandra said.

According to him, the price cut is determined and calculated using a certain formula. He declined to give a detailed explanation of the formula but said that price evaluation procedures will be carried every month.  

BISNIS.COM

Oil and gas


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