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Jakarta, Sandai-id.com - Menko Kaiitiman and Investment (Menko Marves) Luhut Panzar Binsar says President Jokowi will most likely announce the increase of BBM subsidy in solar and Panalite prices next week.
Therefore, he asked the public to be prepared if the government would raise the price of tanglite and solar. In origin, the fuel subsidies reaching Rp502 trillion have cost APBN.
"Maybe next week the president will announce what and how about this price increase. So the president has indicated that it's impossible for us to keep it that way because our BBM prices are the cheapest and that's the burden of APBN," he said in a public lecture at Hasanudin University, Friday (18 / 8 / 2022).
Luhut admitted deciding on the cost policy of BBM, including raising prices in the midst of the erratic global economy as it is today is not easy. In origin, the decision to increase the price of BBM can make inflation rise, press the purchasing power of society which at the end of it can make economic growth faint. But the decision said Luhut, it must be taken.
"However we can't maintain that. That we must prepare for our subsidies yesterday Rp502 trillion," Luhut
Before that, Jokowi said that the fuel subsidies and energy in recent days have indeed grown to Rp502 trillion. His government is still holding back from raising the fuel price.
That thing he did because he was worried that rising cost of BBM subsidies, panalite and solar, would make inflation explode.
"It's no risk count. If we leave that in accordance with the market price and the economy, our inflation could also explode," its entry in exclusive interviews with CNBC Indonesia, Thursday (18 / 8 / 2022).
