Sunday, July 17, 2011

SBY discusses world oil prices with Cabinet

The Jakarta Post, Jakarta | Mon, 07/18/2011 12:12 PM

The President discussed two pressing issues with Cabinet members at a meeting on Monday morning: essential goods for the upcoming fasting month and increasing world oil prices.

The meeting, led by President Susilo Bambang Yudhoyono, was attended by at least 10 ministers and coordinating ministers, and was held at Halim Perdanakusuma Airport in East Jakarta.

Yudhoyono said uncertainties in Japan following the Fukushima nuclear plant meltdown were one of the causes of a shift in world oil prices. He added that the government planned to reduce oil subsidies by reducing the volume of subsidized fuel used.

“Efficiency [programs] in electricity and fuel use has had good results,” Yudhoyono said, as reported by tempointeraktif.com.

Later, the President is scheduled to fly to Bali to open the ASEAN Ministerial Meeting and ASEAN Regional Forum.

Those present at the morning meeting included Coordinating Economic Minister Hatta Rajasa, Coordinating Political, Legal and Security Affairs Minister Djoko Suyanto, Trade Minister Mari Elka Pangestu and Religioius Affairs Minister Suryadharma Ali.

No comments:

Post a Comment