Mon, 07 Mar 2005

Firms enjoy subsidized fuel in Lampung: YLKI

Oyos Saroso H.N. and Andi Hajramurni, The Jakarta Post, Bandar Lampung/Makassar

The Indonesian Consumers Foundation (YLKI) has accused around 200 companies in Lampung province of violating the government's fuel subsidy policy aimed at poor people.

The companies allegedly bought kerosene and fuel diesel at subsidized prices instead of prices set for commercial industries, it claimed.

The violation of the subsidy policy, the foundation added, has led to a scarcity of kerosene and diesel fuel across the province.

Lampung's YLKI chairman Subadrayani Mursalim said on Saturday that his foundation had discovered certain companies exploiting fuel subsidies meant for the poor by buying kerosene from non- industrial suppliers. The official price for industrial kerosene is Rp 2,200 per liter, while for public consumption the price is set at Rp 700 per liter.

According to Subadrayani, kerosene has been sold to companies in Lampung for only Rp 2,000 per liter, a saving of Rp 200 over the official price.

Diesel fuel has also become expensive in many parts of the province due to lack of supplies. It was selling for Rp 3,000 per liter, causing many local fishermen to stay in port because they could not afford to pay the higher price.

Subadrayani demanded that police start investigating the case and take firm action against the companies involved.

He said YLKI believed that certain officials of state-owned oil and gas company Pertamina were involved in the illegal practice.

Pertamina head of sales and distribution for Lampung region Doni Indrawan denied involvement of officials from his company in the case.

However, he admitted that around 200 companies in the province use kerosene in their production process but only 22 of them buy the fuel from Pertamina at the industry price.

Doni said companies that refused to buy kerosene from Pertamina bought it from local public kerosene distributors at subsidized prices.

He claimed that Pertamina had tried several times to "explain" the situation to the companies but they continued to use the subsidized kerosene.

Pertamina would therefore start educating companies about the new fuel prices in cooperation with local administrations in order to prevent the misuse of subsidized fuel for industrial purposes, Doni added.

He said Pertamina would form a coordination team to supervise fuel distribution.

Meanwhile, protests against the fuel price hikes continued in several cities across Indonesia on Saturday.

In Makassar, South Sulawesi, protesting students hijacked two cars belonging to the Wahidin Soedirohusodo General Hospital and Makassar Treasury Office and used them as podiums to stage a protest.

They also burned tires and waved banners. The protest caused a big traffic jam in front of Universitas 45 in downtown Makassar.

Arguing that the increases burdened the public, especially low- to medium-income people, the students threatened to continue demonstrating until the government revoked the price rise decision.

Protesters said the price hikes have caused suffering as it followed on from increases in the prices of basic commodities, meanwhile public purchasing power remained the same.

No violence was reported during the protest.





News Search/Filter
Transaction Rates
17 Oct 18
Buy
Sell
AED1
4,141.07
4,141.07
AFN1
200.00
200.00
ALL1
140.59
140.59
AMD1
31.42
31.42
ANG1
8,569.33
8,569.33
AOA1
50.52
50.52
ARS1
423.53
423.53
AUD1
10,858.36
10,858.36
AWG1
8,448.12
8,448.12
AZN1
8,934.44
8,934.44
BAM1
9,004.48
9,004.48
BBD1
7,605.45
7,605.45
BDT1
179.57
179.57
BGN1
9,003.57
9,003.57
BHD1
40,350.42
40,350.42
BIF1
8.49
8.49
BMD1
15,210.90
15,210.90
BND1
10,785.86
10,785.86
BOB1
2,200.85
2,200.85
BRL1
4,083.13
4,083.13
BSD1
15,210.90
15,210.90
BTC1
97,397,904
97,397,904
BTN1
206.69
206.69
BWP1
1,429.32
1,429.32
BYN1
7,214.06
7,214.06
BZD1
7,568.80
7,568.80
CAD1
11,758.18
11,758.18
CDF1
9.31
9.31
CHF1
15,357.25
15,357.25
CLF1
607,270.04
607,270.04
CLP1
22.74
22.74
CNH1
2,200.65
2,200.65
CNY1
2,200.64
2,200.64
COP1
4.91
4.91
CRC1
25.61
25.61
CUC1
15,210.90
15,210.90
CUP1
590.71
590.71
CVE1
159.44
159.44
CZK1
681.55
681.55
DJF1
85.45
85.45
DKK1
2,360.18
2,360.18
DOP1
304.54
304.54
DZD1
128.68
128.68
EGP1
849.34
849.34
ERN1
1,014.18
1,014.18
ETB1
545.75
545.75
EUR1
17,609.16
17,609.16
FJD1
7,139.77
7,139.77
FKP1
20,059.76
20,059.76
GBP1
20,059.76
20,059.76
GEL1
6,188.94
6,188.94
GGP1
20,059.76
20,059.76
GHS1
3,137.58
3,137.58
GIP1
20,059.76
20,059.76
GMD1
307.55
307.55
GNF1
1.67
1.67
GTQ1
1,968.42
1,968.42
GYD1
72.76
72.76
HKD1
1,940.85
1,940.85
HNL1
631.87
631.87
HRK1
2,374.42
2,374.42
HTG1
213.80
213.80
HUF1
54.70
54.70
IDR1
1.00
1.00
ILS1
4,177.22
4,177.22
IMP1
20,059.76
20,059.76
INR1
207.04
207.04
IQD1
12.76
12.76
IRR1
0.35
0.35
ISK1
128.88
128.88
JEP1
20,059.76
20,059.76
JMD1
113.78
113.78
JOD1
21,438.80
21,438.80
JPY1
135.39
135.39
KES1
150.69
150.69
KGS1
221.92
221.92
KHR1
3.72
3.72
KMF1
35.79
35.79
KPW1
16.90
16.90
KRW1
13.54
13.54
KWD1
50,187.90
50,187.90
KYD1
18,253.04
18,253.04
KZT1
41.42
41.42
LAK1
1.78
1.78
LBP1
10.07
10.07
LKR1
89.02
89.02
LRD1
96.88
96.88
LSL1
1,054.49
1,054.49
LYD1
10,999.87
10,999.87
MAD1
1,611.46
1,611.46
MDL1
892.72
892.72
MGA1
4.29
4.29
MKD1
286.31
286.31
MMK1
9.50
9.50
MNT1
6.11
6.11
MOP1
1,884.09
1,884.09
MRO1
42.60
42.60
MRU1
423.70
423.70
MUR1
442.82
442.82
MVR1
984.52
984.52
MWK1
20.91
20.91
MXN1
811.05
811.05
MYR1
3,662.25
3,662.25
MZN1
251.38
251.38
NAD1
1,054.02
1,054.02
NGN1
41.81
41.81
NIO1
473.40
473.40
NOK1
1,867.72
1,867.72
NPR1
129.18
129.18
NZD1
10,014.09
10,014.09
OMR1
39,511.39
39,511.39
PAB1
15,210.90
15,210.90
PEN1
4,565.70
4,565.70
PGK1
4,534.33
4,534.33
PHP1
282.56
282.56
PKR1
115.16
115.16
PLN1
4,107.61
4,107.61
PYG1
2.55
2.55
QAR1
4,177.67
4,177.67
RON1
3,773.49
3,773.49
RSD1
149.01
149.01
RUB1
232.85
232.85
RWF1
17.28
17.28
SAR1
4,054.77
4,054.77
SBD1
1,916.18
1,916.18
SCR1
1,116.88
1,116.88
SDG1
322.30
322.30
SEK1
1,707.13
1,707.13
SGD1
11,066.47
11,066.47
SHP1
20,059.76
20,059.76
SLL1
1.81
1.81
SOS1
26.27
26.27
SRD1
2,039.54
2,039.54
SSP1
116.77
116.77
STD1
0.72
0.72
STN1
716.81
716.81
SVC1
1,738.55
1,738.55
SYP1
29.53
29.53
SZL1
1,056.27
1,056.27
THB1
468.00
468.00
TJS1
1,613.89
1,613.89
TMT1
4,345.98
4,345.98
TND1
5,385.33
5,385.33
TOP1
6,596.53
6,596.53
TRY1
2,671.83
2,671.83
TTD1
2,256.63
2,256.63
TWD1
495.16
495.16
TZS1
6.64
6.64
UAH1
544.65
544.65
UGX1
4.02
4.02
USD1
15,210.90
15,210.90
UYU1
461.08
461.08
UZS1
1.85
1.85
VEF1
0.06
0.06
VND1
0.65
0.65
VUV1
136.84
136.84
WST1
5,816.37
5,816.37
XAF1
26.84
26.84
XAG1
222,976.18
222,976.18
XAU1
18,633,729.83
18,633,729.83
XCD1
5,628.35
5,628.35
XDR1
21,279.99
21,279.99
XOF1
26.84
26.84
XPD1
16,482,705.56
16,482,705.56
XPF1
147.56
147.56
XPT1
12,817,490.07
12,817,490.07
YER1
60.75
60.75
ZAR1
1,072.69
1,072.69
ZMW1
1,258.28
1,258.28
ZWL1
47.18
47.18
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services