House Questions Pertamina Losses

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  • TEMPO/Budi Setyarso

    TEMPO/Budi Setyarso

    TEMPO.CO, Jakarta - Kurtubi, member of the House of Representatives Commission VII overseeing energy and minierals, questioned PT Pertamina’s financial performance that declined by 40.69 percent to US$21.79 billion when compared to the same period last year.

    “We will evaluate Pertamina director Dwi Soetjipto for being unable to prevent the company from suffering losses,” Kurtubi said in a press release on Friday, August 21, 2015.

    Kurtubi argued that with the removal of fuel subsidy, the state oil company should be able to prevent losses. According to Kurtubi, a decline in crude oil price should have been a momentum to improve the national economy.

    “This can be a momentum to accelerate the economic growth. A declining oil price is an opportunity. Lowering the Premium price will improve our economy.

    Commission VII deputy chairman Satya Widya Yudha said that the House will as Pertamina to be transparent in formulating fuel prices. Satya said without price correction on a quarterly or semester basis, the price differences would affect public.

    Satya also questioned the progress related to direct crude purchases from oil producers. Satya said the government would be able to save more by importing crude oil directly from oil producing countries.