BI Governor: Fuel Price Hike Impact Will Only Last A Month

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  • Gubernur BI Agus DW Martowardojo, resmikan penerbitan uang NKRI pecahan seratus ribu rupiah di Gedung Bank Indonesia, Jakarta, 18 Agustus 2014. TEMPO/Dian Triyuli Handoko

    Gubernur BI Agus DW Martowardojo, resmikan penerbitan uang NKRI pecahan seratus ribu rupiah di Gedung Bank Indonesia, Jakarta, 18 Agustus 2014. TEMPO/Dian Triyuli Handoko

    TEMPO.CO, Bandung - Bank Indonesia Governor Agus Martowardojo welcomed the government's plan to increase subsidized fuel and said that the impacts of the fuel price hike would only last for a short period.

    "The impact [of the fuel price hike] would be one off, and it will return to normal in the next three months," Agus said on Tuesday, November 11, 2014.

    BI deputy governor Perry Warjiyo said the Regional Inflation Controlling Team (TPID) has prepared three measures to anticipate fuel price hike. The first one is to ensure that the fuel quota will be met by the end of the year. The next step is to maintain the increase of public transportation tariff by less than 30 percent.

    "We will also ensure that food supplies and distribution to be under control," Perry said.

    Perry revealed that the final measure is to support direct cash assistance (BLT) program via e-payment.

    "We are not only mitigating the impact [of fuel price hike] on the inflation rate, but also on poverty," Perry added.

    TRI ARTINING PUTRI