JAKARTA. Started Thursday, 5 January 2017, the prices of Pertamax, Pertalite, and Dexlite fuel types increased by Rp 300 per liter. In in a short time, this has not affected to inflation rate in January 2017. The effect of oil price rise will be felt in March-April 2017. Deputy for Distribution and Services Statistics of National Statistics Agency (BPS) Sasmito Hadi Wibowo estimates that the effect of the increase in non-subsidized fuel price will be less than 0.01. “4% increase in non-subsidized fuel price will affect to inflation rate as many as 0,008%, or rounded to 0.01%,” he told KONTAN, Thursday (5/1). The inflation rate at the early of 2017 may be higher as the impact of the government decision to remove the electricity subsidy for the segment of 900 Volt Ampere (VA) customers. The subsidy removal has taken into effect since 1 January 2017. The government has also prepared the first phase of electricity tariff adjustment for 18.9 million customers of 900 VA segment from Rp 605/kWh to Rp 791/kWh.
Higher prices of fuel reducing purchasing power
JAKARTA. Started Thursday, 5 January 2017, the prices of Pertamax, Pertalite, and Dexlite fuel types increased by Rp 300 per liter. In in a short time, this has not affected to inflation rate in January 2017. The effect of oil price rise will be felt in March-April 2017. Deputy for Distribution and Services Statistics of National Statistics Agency (BPS) Sasmito Hadi Wibowo estimates that the effect of the increase in non-subsidized fuel price will be less than 0.01. “4% increase in non-subsidized fuel price will affect to inflation rate as many as 0,008%, or rounded to 0.01%,” he told KONTAN, Thursday (5/1). The inflation rate at the early of 2017 may be higher as the impact of the government decision to remove the electricity subsidy for the segment of 900 Volt Ampere (VA) customers. The subsidy removal has taken into effect since 1 January 2017. The government has also prepared the first phase of electricity tariff adjustment for 18.9 million customers of 900 VA segment from Rp 605/kWh to Rp 791/kWh.