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
Open Skies in ASEAN
ASEAN Expert Links Tourism Growth to Air Access and Flight Frequency
(8/26/2016)
1.5 Years Less Time Served
Lighter than Expected Prison Terms Sought for Australian Man Caught Living in Bali on a Borrowed Passport
(8/26/2016)
Sara’s Turns to Talk
Sara Turner Turns Coat on DJ Boyfriends, Describing Herself as Hapless Bystander in Death of Bali Police Office
(8/26/2016)
Taylor Made Confession
UK DJ Details Events Leading to the Death of a Balinese Policeman on Bali’s Kuta Beach
(8/26/2016)
Expat Home Industry
Long-term German Expat in Bali Arrested with Methamphetamine Factory at his Home
(8/26/2016)
Tensions Rising in Benoa Bay Protests
30,000 March on Bali House of Representatives. Kuta Traffic Halted by Road Closure and Tire Burning
(8/25/2016)
Time to Stand Together
Generosity.com Fund Established for Family of Police Sub-Inspector Wayan Sudarsa Killed on Kuta Beach on Wednesday, August 17, 2017
(8/21/2016)
A Day Dedicated to the Endangered
Bali Safari and Marine Park Salutes International Orangutan Day and International Elephant Day
(8/22/2016)
Bangkok Near the Bali Bypass
Too Good Not to Share: DD Warung in Sanur – Home of Authentic Thai Cuisine
(8/21/2016)
Setting Things Right Again with the Cosmos
Legian Village Community Perform Ritual Cleansing of Murder Scene Where Bali Policeman Died
(8/21/2016)
Suspected of Murder
David Taylor and Sarah Connor Now Formally Named as Suspects in Murder of a Bali Policeman
(8/21/2016)
Costly Coffin Nail
Indonesia Considers Increasing Price of Cigarettes to Rp. 50,000 a Pack
(8/21/2016)
All [News]!