Jakarta, (ANTARA News) - The Indonesian government is considering a further lowering of the regular gasoline price after cutting it by Rp500 to Rp5,500 per liter last December 1.
President Susilo Bambang Yudhoyono said after a meeting to evaluate the performance of the people`s business credit scheme (KUR) at the Bank Rakyat Indonesia (BRI) building here on Friday that the finance minister along with other ministers concerned was now still making calculations on it.
"We are still conducting an 'excercise' and calculations to see if it is possible to again lower the price of premium or even diesel oil to reduce the industry`s burden," he said.
He said the government`s move followed the continuing decline in the price of the world`s crude oil.
On December 4, 2008 the world`s crude oil price was recorded at below US$44 per barrel. The price of the crude oil continued to decrease in the past four days in reaction to worsening global economic condition resulting in lower oil demand.
When announcing the decision to cut the price of gasoline by Rp500 effective as of December 1, 2008 finance minister Sri Mulyani said the government would review its decision on the price of fuel oils every month to see if it was in line with the development of the world`s crude price.
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