ID :
32072
Tue, 11/25/2008 - 06:57
Auther :
Shortlink :
https://oananews.org//node/32072
The shortlink copeid
HOUSE SPEAKER : RP500-CUT IN GASOLINE PRICE SHOULD BE RECALCULATED
Jakarta, Nov 24 (ANTARA) - House of Representatives (DPR) Speaker Agung Laksono said the government should recalculate the Rp500 cut it is to make to the premium gasoline price starting next December 1 because the world oil price is continuing to drop.
Speaking at the opening of the House's second sitting in 2008 here Monday, Laskono also said the government should lower the diesel oil price as well.
"The lowering of the domestic oil prices is expected to increase the people's purchasing power and move the real sector," the House speaker said.
He said a cut in the diesel oil price would be good for low-income people, support their economic activities because diesel oil was widely used in public transportation and by fishermen.
Still, Laksono said, the DPR welcomed the government's plan to lower the premium gasoline price by Rp500 from Rp6,000 o Rp5,500 per liter starting December 1, 2008.
Speaking about the global financial crisis, Laksono expressed concern about certain labor-intensive sectors in several regions in the country which were beginning to collapse as their products had become unmarketable.
"The crisis is indeed having a great depressing effect on the commodity, property and financial sectors," Laksono said.
He said the property sector was in a moribund condition because of the high bank interest rates and people in the lower-middle-income bracket had difficulty obtaining housing loans.
The global crisis was also having an impact on the real sector and the House was therefore continuously monitoring bank interest rates and developments in the the money market where the rupiah had depreciated to over Rp12,000 per US dollar, he said.
Bank Indonesia and the government should take bold actions to prevent the rupiah from weakening further, Laksono said.
"The government would do a wise thing if it fully guaranteed the safety of bank deposits," Laksono said, adding that such a measure would give a sense of security to the public who had money in domestic banks, and prevent them from transferring their funds to Singapore or Malaysia where the governments had adopted a "blanket guarantee" policy on bank deposits.
Speaking at the opening of the House's second sitting in 2008 here Monday, Laskono also said the government should lower the diesel oil price as well.
"The lowering of the domestic oil prices is expected to increase the people's purchasing power and move the real sector," the House speaker said.
He said a cut in the diesel oil price would be good for low-income people, support their economic activities because diesel oil was widely used in public transportation and by fishermen.
Still, Laksono said, the DPR welcomed the government's plan to lower the premium gasoline price by Rp500 from Rp6,000 o Rp5,500 per liter starting December 1, 2008.
Speaking about the global financial crisis, Laksono expressed concern about certain labor-intensive sectors in several regions in the country which were beginning to collapse as their products had become unmarketable.
"The crisis is indeed having a great depressing effect on the commodity, property and financial sectors," Laksono said.
He said the property sector was in a moribund condition because of the high bank interest rates and people in the lower-middle-income bracket had difficulty obtaining housing loans.
The global crisis was also having an impact on the real sector and the House was therefore continuously monitoring bank interest rates and developments in the the money market where the rupiah had depreciated to over Rp12,000 per US dollar, he said.
Bank Indonesia and the government should take bold actions to prevent the rupiah from weakening further, Laksono said.
"The government would do a wise thing if it fully guaranteed the safety of bank deposits," Laksono said, adding that such a measure would give a sense of security to the public who had money in domestic banks, and prevent them from transferring their funds to Singapore or Malaysia where the governments had adopted a "blanket guarantee" policy on bank deposits.
