4 hours ago
10
January 19, 2025 | 11:51 am
TEMPO.CO, Jakarta - Indonesia's Minister of Industry (Menperin) Agus Gumiwang Kartasasmita made a dig at PT Pertamina Gas Negara (PGN) regarding the implementation of the specific natural gas price (HGBT) program. Agus said that many HBGT recipients complained to him because they had to buy commercial gas prices after PGN raised gas prices and quota systems as of January 1, 2025.
"I have received many complaints from the industry regarding PGN's low commitment," said Agus when met at the office of the Ministry of Energy and Mineral Resources (ESDM) on Friday, January 17, 2025. In fact, Agus stated that gas is a main component that is also a raw material for production for industry players.
Agus supports the HGBT program to be reimplemented immediately since its validity period expires on December 31, 2024. HGBT is a cheap gas subsidy program provided by the government to seven industrial sectors including ceramics, fertilizers, petrochemicals, oleochemicals, steel, glass, and rubber gloves. HGBT recipients only need to pay a gas price of US$ 6 per MMBTU.
Agus explained that the determination of natural gas prices will help the industry get guarantees and availability of production materials. "Prices should not fluctuate, what has become a contract between the industry and PGN, the contract must be respected by commitment," said Agus delivering a special message.
Previously, the Minister of Energy and Mineral Resources Bahlil Lahadaila promised to re-implement HGBT to seven industries this year. Bahlil also said that currently there is a proposal to increase the number of industrial groups receiving HGBT, but the Ministry of Energy and Mineral Resources is still conducting a study.
The Ministry of Industry also wants the price of subsidized gas in HGBT to remain at US$ 6 per MMBTU. According to the Spokesperson for the Ministry of Industry Febri Hendri Antoni Arif, the increase in HGBT will have a negative impact on the Industrial Confidence Index (IKI) and the Manufacturing Purchasing Manager's Index (PMI).
Febri said that if the HGBT program does not continue, it is possible that the industrial sector will experience pressure and contraction. "But if gas prices go down, the industry will be enthusiastic and PMI could increase," said Febri who was met at the Ministry of Industry Building, Monday, January 13, 2025.
Dani Aswara contributed to the writing of this article.
Editor's Choice: Top 10 Strongest Currencies in the World 2025, U.S. Dollar Is Not First
Click here to get the latest news updates from Tempo on Google News
PGN Signs LNG Supply Deal with West Papua BUMD to Strengthen Energy Security
8 hari lalu
PGN partners with West Papua's BUMD to utilize LNG from PLE, aiming to enhance energy security.
The Irony of Industrial Gas Crisis
9 hari lalu
PGN's gas supply for industrial customers fell sharply this year, resulting from poor management of the energy and gas business.
8 High-Income Skills to Learn in 2025 and Remote Job Opportunities
15 hari lalu
In an ever-evolving job market, let's take a look at these high-income skills to adapt to technological advancements and industry demands.
Non-subsidized Fuel Prices Increased Starting Today, See Price Details in Each Region
17 hari lalu
State oil and gas company PT Pertamina has increased the price of non-subsidized fuel as of today, Wednesday, January 1, 2025.
Pertamina Cuts Aviation Fuel Price in 19 Priority Airports Ahead of Christmas, New Year
40 hari lalu
Pertamina stated that the fare reduction of aviation fuel is estimated to be around 7 percent of the normal price.
Pertamina Improves Surveillance Ahead of Christmas and New Year Holiday
56 hari lalu
PT Pertamina Patra Niaga Regional Central Java begins to increase surveillance at gas stations ahead of the Christmas and New Year holidays.
Poor Fuel Quality in Indonesia Affects Public Health, IESR Reports
19 November 2024
Institute for Essential Services Reform (IESR) points out that the poor quality of fuel oil affects public health.
Pertamina Readies US$5.7bn for Energy Transition until 2029
13 November 2024
Pertamina will allocate 8 percent of its total investment until 2029 to the development of new and renewable energy.
Ex Pertamina Boss Luhur Budi Djatmiko Named Corruption Suspect
6 November 2024
Authorities name Luhur Budi Djatmiko, Pertamina's director general from 2012 to 2014, as a suspect for alleged corruption.
Agus Gumiwang Says Natural Gas Regulations as Game-Changer for Manufacturing
5 November 2024
Industry Minister Agus Gumiwang Kartasasmita initiated a Draft Government Regulation (RPP) on Domestic Natural Gas.
