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TEMPO.CO, Jakarta – Minister of Energy and Mineral Resources (ESDM), Ignatius Jonan, at a working meeting with Commission VII of the House of Representatives on Tuesday, June 5, 2018, forwarded the basic badumptions proposed ESDM sector. The badumption of Indonesian oil price (Indonesian crude price / ICP) of 2019 is high at 60-70 USD per barrel.
"By 2019, we are proposing US $ 60-70 a barrel .It is indeed a challenge because the PCI is a factor far apart from the economic factor, procurement/the demandthen there is (the effect of) activities on the Korean Peninsula, Iran and others, "said Jonan in a written statement received Tempo, Wednesday, June 6, 2018.
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According to Jonan, the fundamentals are the resumption of global economic growth that will affect the increase in energy demand, including global crude oil that will affect the price of 2019 oil. Jonan says the realization of the oil price in May 2018 rose to US $ 65.8 per barrel.
Jonan also explained, proposal lifting oil and gas (oil and gas) 2019 from 1 932-2 105 thousand BOEPD (barrels of oil equivalent per day), which consists on lifting oil of 722-805 thousand BOEPD and lifting natural gas 1.210-1300 BOEPD. For cost recovery proposed from 10 to 11 billion dollars
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Meanwhile, the amount of subsidy of electricity is proposed Rp 53.96-58.89 billion. The fixed diesel subsidy, which was originally proposed Rp 1,500 per liter, at the conclusion of the working meeting, Commission VII DPR added that the subsidy of Rp 1,500-2,000 per liter.
The volume of subsidized fuel (BBM), said Ignasius Jonan, rose to 16.76-17.18 million kiloliters, consisting of kerosene 0.59-0.65 million kl and diesel 16, 17-16.53 million kl. While the volume liquefied petroleum gas (LPG) subsidy of 3 kilograms of 6.825-6.978 million metric tons or supposed increase from 2018 due to the expansion of 3 kg of LPG used in the region of eastern Indonesia.
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