Purbaya says Pertamina is perpetuating dependency on imports and driving fuel subsidies to unsustainable levels. — The Jakarta Post
JAKARTA: Finance Minister Purbaya Yudhi Sadewa has criticised state-owned energy giant Pertamina for its delay in building new oil refineries, which he says is perpetuating dependency on imports and driving fuel subsidies to unsustainable levels.
Realised spending on all subsidies and compensation hit 218 trillion rupiah as of Aug 31, or 43.7% of this year’s budget ceiling of 498.8 trillion rupiah.
