| MINISTRY OF ENERGY AND MINERAL RESOURCES REPUBLIC OF INDONESIA PRESS RELEASE OUR REF: 30/HUMAS KESDM/2011 Date: May 13th, 2011 THE RETAIL PRICE OF CERTAIN FUELS: GASOLINE PREMIUM, GAS OIL AND KEROSENE ARE FIXED |
The monitoring and evaluation of crude oil price development and BBM product price in the world market are continuously increased because of political conflict in North Africa and Middle East and also the US dollar exchange rate development towards the world’s main currencies. The average of Indonesian Crude Oil Price (ICP) June 2010 up to May 2011 is higher than the assumption of oil price in State Budget (APBN) 2011. However, by observing real sectors condition both globally and nationally and also unstable oil price developments, the government maintains that The Retail Price of Fuels (BBM) of the type of Kerosene, Gasoline Premium and Gas Oil for Domestic Needs, Small Enterprise, Fish Farm, Transportation and Public Services are not changing. |
| The Head of Legal and Public Relation Bureau, Sutisna Prawira |



