Fossil Fuels Subject to Energy Sustainability Fund, Minister Says  

Translator

Editor

Kamis, 1 Januari 1970 07:00 WIB

Minister of Energy and Mineral Resources, Sudirman Said. TEMPO/Amston Probel

TEMPO.CO, Jakarta - Starting from January 5, 2016, the government will impose a Rp. 200 and Rp. 300 levy for every liter of Premium and Solar type fuel, respectively. The levy, which will be collected as the energy sustainability fund, will also be applied for other type of fuel. "All fossil fuel will be subject to the levy," said Energy and Mineral Resources Minister Sudirman Said on Wednesday, December 30, 2015.


However, the government will not mention the price for Pertamax fuel because the government only has the authority to determine the price of Premium and Solar fuel. "Pertamax [price] depends on its economical value that will be reviewed each week," Sudirman said.


Currently, the government is in the process of drafting a regulation on energy sustainability fund. One of the possibilities is that the regulation will take the form of a Government Regulation or a Presidential Decree. What certain is the regulation must be issued before the new prices of Premium and Solar fuel come into effect on January 5, 2016.


Minister Sudirman explained that Law No. 30/2007 on Energy and Government Regulation No. 79/2014 on National Energy Policy provide enough legal framework for the energy sustainability fund. However, according to Sudirman, what needs to be regulated in detail is how the fund would be collected and who will responsible for managing it.


Sudirman added that the fund will be used to develop energy infrastructure and to support the development of renewable energy. "Our fossil fuel is almost and will certainly depleted, so we must be able to accelerate [the development] of energy infrastructures and renewable energy," Sudirman concluded.


PINGIT ARIA

Related News

Indonesia`s Startup Investment at Rp39.8 tn  

14 Desember 2018

Indonesia`s Startup Investment at Rp39.8 tn  

A joint-research by Google and AT Kearney shows that investments in
Indonesia's startups have grown 68 times in the last five years

Read More

Jokowi Keeps Low Profile on Social Media  

14 Desember 2018

Jokowi Keeps Low Profile on Social Media  

President Joko Widodo or Jokowi once again mentioned the use of social
media during his speech at the Indonesia Business and Development Expo
2017

Read More

International Coffee Day: Solo to Give 5,000 Cups of Free Coffee  

14 Desember 2018

International Coffee Day: Solo to Give 5,000 Cups of Free Coffee  

Harjonagoro Traditional Market in Solo is preparing 5,000 cups
of coffee to be given out for free at the International Coffee
Day event, Oct. 1.

Read More

Ed Sheeran Cancels Jakarta Concert  

14 Desember 2018

Ed Sheeran Cancels Jakarta Concert  

Singer Ed Sheeran has canceled his concerts in Jakarta and
other Asian cities following a bike accident.

Read More

Halal Thai Restaurant in Bali  

14 Desember 2018

Halal Thai Restaurant in Bali  

Som Chai in Seminyak, Bali, can be considered to be one of
Bali`s Thai restaurants that serve several halal menus.

Read More

Top 5 Indonesian Athletes in 2018 Asian Para Games  

14 Desember 2018

Top 5 Indonesian Athletes in 2018 Asian Para Games  

Indonesia is targeting the top-seven rank in the Asian Para
Games 2018.

Read More

S. Sumatra Plans Restoration of Hundreds of Hectares of Peat Land

14 Desember 2018

S. Sumatra Plans Restoration of Hundreds of Hectares of Peat Land

Peat land restoration would cover around 594,231 hectares in
South Sumatra this year to preserve the environment, a
government official said.

Read More

Sperm Whale Ingested Plastic Waste; Serious Solution Required

14 Desember 2018

Sperm Whale Ingested Plastic Waste; Serious Solution Required

It is estimated 94 percent of plastic waste that enters the
ocean ends up on the seafloor, which threats the lives of
ocean`s creatures.

Read More

Roy Marten: Jokowi Leads Indonesia, Ahok Leads Jakarta

24 Oktober 2018

Roy Marten: Jokowi Leads Indonesia, Ahok Leads Jakarta

Actor Roy Marten relentlessly promotes Jokowi for President,
saying that the society had already shown enormous
supports.

Read More

Ousted Casillas Speaks of Triumph over Juventus

24 Oktober 2018

Ousted Casillas Speaks of Triumph over Juventus

The Blancos faces Champions League Top 16, needing only six
points to secure the round.

Read More