Bloomberg News

Indonesia Subsidized Fuel Demand May Reach 40.49 Mln Kiloliters

July 14, 2011

July 14 (Bloomberg) -- The Indonesian government expects subsidized fuel demand will rise to 40.49 million kiloliters this year from a previous estimate of 38.5 million kiloliters under the revised 2011 state budget, Evita Legowo, director general for oil and gas at the energy ministry, said in Jakarta.

The estimate for fuel subsidy spending has been raised to 117 trillion rupiah from 95 trillion rupiah, Legowo said today. The government and lawmakers agreed on the revised assumptions on subsidized fuel last night, Legowo said.

To contact the reporter on this story: Bambang Djanuarto in Jakarta at bdjanuarto@bloomberg.net

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net


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