Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · A Bad Case of Gas
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

A Bad Case of Gas

LPG Cooking Gas Increase of 68% Sparks Inflation Surge Across Indonesia


Bali News: Bali, Indonesia, LPG, inflation, liquefied petroleum gas, Pertamina, Susilo Bambang Yudhoyono
Click Image to Enlarge

(1/5/2014)

A sudden increase in the cost of LPG cooking gas by the State-owned Petroleum Company (Pertamina) has seen liquified gas prices increase by more than 60% and has shock wave across the Nation sparking a rapid round of inflationary price increases.

The LPG increase - a decision apparently made unilaterally by Pertamina without consulting the President –  shocked President Susilo Bambang Yudhoyono (SBY) who took to Facebook to publicly question the increase.

The President, noting the growing public protest over the sudden price increase for 12 kilogram tanks of LPG, claimed that the decision made by by Pertamina now requires Presidential intervention because of its wide-ranging effects on society.

Yudhoyono said that while he knew that the State Audit Board recorded losses of Rp. 7 billion (U$560 million), the solution to that situation was not to increase LPG prices by 68%. SBY said that such a large and sudden increase would result in rapid increases of goods and services, creating burdens on the economically disadvantaged.

Reacting to the price increase, SBY instructed the Vice-president to rapidly convene the cabinet and seek a solution that avoids inflation and burdens the public.

The cost of a 12-kilogram canister of LPG prior to the increase was Rp. 70,200 (US$5.60), but is now selling for Rp. 117,708 (US$9.40). Prices in the marketplace vary, averaging Rp. 130,000-Rp. 150,000 (US$10.40 – US$12). Following the increase, prices in Jayapura (Papua) rose to Rp. 310,000 (US$24.80) for the 12-kilogram LPG canister.

In Bali, the 68% increase in price has had an immediate impact on pricing of goods and services in Bali. In the Klungkung Market in east Bali, the cost of basic commodities such as rice, cooking oil end eggs have increased significantly since January 1, 2013. Rice has increased 6%-11% rising as high as Rp. 9,000 a kilogram. Cooking oil has increased 20% to Rp. 12,000 per kilogram. Meanwhile, eggs have gone up 37.5% from Rp. 800 to Rp. 1,100 each.

Vendors are complaining that consumers have reduced the quantity of good purchased, buying smaller amounts of key items to ensure they are still able to place food on their families’ tables.

Traders and consumer remain hopeful that the emergency cabinet meeting will result in a reconsideration of the economically precipitate increase in LPG cost.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Indonesian Made Grills Considered the World’s Best BBQ
American Expat Dennis Linkletter Runs Company Making What is widely Considered the World’s Best BBQ Grill and Smoker in Bali
(8/21/2017)
Films on the Beach at Nusa Dua
Saturday Night at the Movies on the Beach at Ayodya Resort Bali with ‘Rocky Horror Picture Show’ - August 26th and M*A*S*H - September 2, 2017
(8/20/2017)
One Dead when Bus Plunges into National Park
One Dies in Inter-Provincial Bus Accident Near Bali Port of Gilimanuk
(8/20/2017)
Hyping the News on Property
‘The Australian’ Writing on Booming Bali Real Estate Market Dangerously Misleads Foreigners Looking to Purchase Property in Bali
(8/20/2017)
On the Beach an Orchestra’s Playing
Padma Resort Ubud and Padma Resort Legian Present the Jakarta Concert Orchestra September 2nd and 3rd 2017
(8/20/2017)
Marching for Country, Island, and Community
Sanur Community Stage Independence Day Torch-lit Parade to Protest Benoa Bay Reclamation
(8/20/2017)
Seeking to be of Service to India
Bali Discovery Now Represented in the Indian Market by Eazee Connect Respz in Mumbai
(8/22/2017)
A Recipe for Brat-Worse
Prosecutors Seeking Sentence Review and Harsher Sentence for Son of Bali Legislator Convicted of Murder
(8/20/2017)
Eliminating Dirty Cops
Bali Chief of Police Urges Execution on Site of Policemen Found Involved in Narcotics Trade
(8/20/2017)
Oh, Yes, Calcutta
Bali to Calcutta Flights by AirAsia Confirmed to Start on October 1, 2017
(8/20/2017)
Register to Swim, Run, and Cycle in Bali
Herbalife Bali International Triathlon Returns to Bali October 15, 2017
(8/20/2017)
Sekali Merdeka! Tetap Merdeka!
Passengers at Bali’s Airport Included in Indonesian Independence Day Celebrations on August 17-18, 2017
(8/20/2017)
All [News]!