Indonesian Consumers Foundation Demands Transparency on Fuel Oil Price Hike

The Indonesian Consumers Foundation (YLKI) has demanded that the government evaluate the effectiveness of its 2003 fuel oil price compensation scheme before increasing the fuel oil price in 2005. YLKI Chairwoman Indah Suksmaningsih expressed concern that the price hike would burden the public and called on consumers to voice their sentiments. The government has announced plans to raise the fuel oil price by 40% to 50% in 2005, with the price of premium gasoline increasing from Rp1.810 to Rp2.500 (approximately US$0.28) per liter.

Key Takeaways:

• The Indonesian Consumers Foundation (YLKI) has called for transparency in the government's evaluation of its fuel oil price compensation scheme, which was implemented in 2003.
• YLKI Chairwoman Indah Suksmaningsih has expressed concerns that the proposed fuel oil price hike in 2005 would burden the public and demanded that the government explain its reasons for the decision.
• The fuel oil price is set to increase by 40% to 50% in 2005, with premium gasoline prices rising from Rp1.810 to Rp2.500 (approximately US$0.28) per liter.
• The price hike is expected to have a significant impact on consumers, with YLKI calling on them to voice their sentiments on the matter.
• The government is expected to be held accountable for the consequences of the price hike, with YLKI stating that decision-makers should face the consequences of their decisions.

Statistics:

• The fuel oil price is set to increase by 40% to 50% in 2005.
• The price of premium gasoline is expected to rise from Rp1.810 to Rp2.500 (approximately US$0.28) per liter.
• The compensation scheme implemented in 2003 was intended to mitigate the impact of fuel oil price increases.

Sources:

• Asia Pulse, "Indonesian Consumers Foundation Demands Transparency on Fuel Oil Price Hike"
• ANTARA, "YLKI: Government Must Evaluate Fuel Oil Price Hike Plan"
• YLKI, "Statement on Fuel Oil Price Hike"