{"id":143654,"date":"2022-07-08T16:33:03","date_gmt":"2022-07-08T09:33:03","guid":{"rendered":"http:\/\/210.57.208.200\/2022\/07\/08\/unair-economist-names-two-impacts-of-fuel-price-hikes-in-indonesia\/"},"modified":"2022-07-21T15:31:56","modified_gmt":"2022-07-21T08:31:56","slug":"unair-economist-names-two-impacts-of-fuel-price-hikes-in-indonesia","status":"publish","type":"post","link":"https:\/\/unair.ac.id\/en\/unair-economist-names-two-impacts-of-fuel-price-hikes-in-indonesia\/","title":{"rendered":"UNAIR economist names two impacts of fuel price hikes in Indonesia"},"content":{"rendered":"\n<p><strong>UNAIR NEWS \u2013<\/strong>\u00a0Global oil prices have almost reached $112 per barrel.\u00a0The world\u2019s oil prices increase leads to domestic oil price hikes because Indonesia has a very high oil dependence on external parties.<\/p>\n\n<p>UNAIR economist, Dr Rossanto Dwi Handoyo SE MSi PhD, explained the impact of rising domestic oil prices. According to him, the increase in oil prices will erode Indonesia\u2019s ability to stabilize domestic oil prices. In addition, according to him, it will generally lead to inflation.<\/p>\n\n<h5 class=\"wp-block-heading\"><strong>Eroding the state\u2019s ability to stabilize oil price <\/strong><\/h5>\n\n<p>Rossanto said that Indonesia exports oil, but oil imports are greater than its exports.\u00a0It categorized Indonesia as\u00a0net oil\u00a0importing country.<\/p>\n\n<p>\u201cNet importing countries are countries with more imports than exports,\u201d he explained on Friday, July 8, 2022.<\/p>\n\n<p>For net oil importing countries, he continued, the rise in world oil prices would erode the country\u2019s ability to stabilize domestic oil prices. Not all countries entirely apply oil prices abroad to the country.<\/p>\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"773\" src=\"http:\/\/210.57.208.200\/wp-content\/uploads\/2022\/07\/Rossanto-Dwi-1024x773.jpeg\" alt=\"\" class=\"wp-image-143515\" srcset=\"https:\/\/unair.ac.id\/wp-content\/uploads\/2022\/07\/Rossanto-Dwi-1024x773.jpeg 1024w, https:\/\/unair.ac.id\/wp-content\/uploads\/2022\/07\/Rossanto-Dwi-300x226.jpeg 300w, https:\/\/unair.ac.id\/wp-content\/uploads\/2022\/07\/Rossanto-Dwi-768x580.jpeg 768w, https:\/\/unair.ac.id\/wp-content\/uploads\/2022\/07\/Rossanto-Dwi.jpeg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n<p>\u201cSo there will be subsidies given by the state to the domestic community to ensure that the price of oil is affordable domestically,\u201d he explained.<\/p>\n\n<h5 class=\"wp-block-heading\"><strong>Raising inflation <\/strong><\/h5>\n\n<p>The UNAIR Economics lecturer explained that there are manufacturers who have to pay the same price as international oil prices. This is especially true for medium and large industrial plants.<\/p>\n\n<p>\u201cThey are not allowed to enjoy subsidized oil or fuel prices from the government,\u201d he revealed.<\/p>\n\n<p>For the industries, he continued, increasing oil and fuel prices will increase production costs. The increase in production costs will then be transferred into the price of the output produced by the industries. \u201cThe increase in the price of industrial output will also increase the price of goods in general,\u201d he said.<\/p>\n\n<p>The increase in world oil prices has pushed up domestic oil prices, which the government does not subsidize. The increase in oil prices will be transferred to industrial output prices, so it will also push up inflation.<\/p>\n\n<p>\u201cThis month, Indonesia has started to experience inflation which rose to 4.35 percent. It is one of the direct impacts we feel related to the oil prices,\u201d he said. (*)<\/p>\n\n<p>Author:  Sandi Prabowo<\/p>\n\n<p>Editor\u00a0 :\u00a0 Binti Q Masruroh<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UNAIR NEWS \u2013\u00a0Global oil prices have almost reached $112 per barrel.\u00a0The world\u2019s oil prices increase leads to domestic oil price hikes because Indonesia has a very high oil dependence on external parties. UNAIR economist, Dr Rossanto Dwi Handoyo SE MSi PhD, explained the impact of rising domestic oil prices. According to him, the increase in [&hellip;]<\/p>\n","protected":false},"author":79,"featured_media":143513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[65,14,344,74,46],"tags":[],"class_list":["post-143654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive","category-berita","category-universitas-airlangga","category-news-feb","category-pakar"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UNAIR economist names two impacts of fuel price hikes in Indonesia - 51动漫 Official Website<\/title>\n<meta name=\"description\" content=\"UNAIR economist, Dr Rossanto Dwi Handoyo SE MSi PhD, explained the impact of rising domestic oil prices.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/unair.ac.id\/en\/unair-economist-names-two-impacts-of-fuel-price-hikes-in-indonesia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNAIR economist names two impacts of fuel price hikes in Indonesia - 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