Sunday, December 21, 2008

Based on the benchmark price of fuel MOPS It Right

The use of MOPS (Mean of Plats Singapore) by the Indonesian government to determine the price of benchmark price of Fuel Oil (BBM) in the country is right, this is not based on the conditions of the market price in the country so that the necessary reference price of the nearest market (border price). 

However disclosed Head of Law and Legislation Directorate General of Oil and Gas, Susyanto respond to the notification, which questioned why the government chose as the basic price of MOPS benchmark price of fuel in the country. He also said that the use of the MOPS price is relatively in line with the price index published other institutions (the International Energy Administration) and several other countries. 

See more: here

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