REPUBLIKA.CO.ID, JAKARTA -- The Ministry of State-Owned Enterprises (BUMN) ensured that the finances of PT Pertamina (Persero) remains healthy and strong. Pertamina's financial did not slumped despite being assigned by the Government, one of which is called Fuel Oil One Price.

"The task of the Ministry of BUMN, the Government, is to ensure that the companies that carry out the assignment are in a healthy condition, capable and strong enough to bear it," said Deputy of the Ministry of Mining, Strategic Industry and Media of the BUMN Ministry Fajar Hary Sampurno in the "Oil and Gas Availability" discussion at Wisma Antara Jakarta, Wednesday.

Fajar explained that the obligations that must be done by state-owned companies that one of them carry out government duties in the sector of their respective fields. Pertamina, as one of the BUMNs, is also required to pursue profits, because it is related to the capital recorded by the Ministry of Finance as state assets.

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According to him, consolidation or holding companies become common, especially if you see many companies in the United States who do corporate action. In the State-Owned Entreprises (SOE) Roadmap itself, Fajar said there were four pillars, namely synergy, downstreaming of local content, development of underdeveloped regions in an integrated manner, and financial independence.

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Oil and gas holdings carried out in parallel or the transfer of state shares between PT PGN and PT Pertamina, worth IDR 38 trillion, make Pertamina have additional capital.

In order to keep Pertamina's financial condition healthy, the government, in this case the Ministry of Energy and Mineral Resources and the Ministry of Finance, always see the company's ability to run Fuel Oil (BBM) One Price. Therefore, the government decided to increase diesel subsidy by Rp1,500 per liter, from Rp500 per liter, up to Rp2,000 per liter.

"With the financial capabilities we see, the government also bore the subsidies for diesel which will also be added," said Fajar.

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