Factors affecting the policy for determining the retail selling price of gas oil in Indonesia

Abstract

Presidential Regulation No. 191/2014, regulates the subsidy policy for Gas Oil, which is a fixed subsidy. Meanwhile, the retail selling price of Gas Oil will fluctuate in the society according to the formula calculation. However, since April 2016 the price of Gas Oil has been fixed. In certain cases, the determination of the retail selling price may differ from the calculation of the formula considering the state's financial capacity, the purchasing power of the people, and the real economy. This research will examine the influence of the state's financial capacity, the purchasing power of the people, and the real economy, either partially or simultaneously, on the policy of determining the retail sale price, and its impact. The test was carried out through multiple linear regression analysis using IBM Statistics 20. The results showed that the state's financial capacity and the real economy had a significant effect on the retail selling price policy for JBT Solar Oil. Meanwhile, people's purchasing power does not have a significant effect. The determination of the retail selling price of Gas Oil that is not in accordance with the calculation formula may give an impact on society, business entities, and the government.

Keywords: {'name': 'Fuel Subsidy, Fuel Retail Selling Price, Gas Oil'}

Authors & affiliations

Yosephin Kharisma Erga
Affiliation not supplied

Ken Martina Kasikoen
Affiliation not supplied

Deposited references

Supplied references, not a list of publications citing this article.

DOI: 10.53878/jr.v3i01.69

Hernaningsih, F. (2018). Pengaruh Kestabilan Inflasi dan Ketimpangan Pendapatan terhadap Daya Beli Masyarakat. Jurnal M-Progress Fakultas Ekonomi - Universitas Dirgantara Marsekal Suryadarma, 8(2), 130–141.

Kunarjo. (2001). Defisit Anggaran Negara. Majalah Perencanaan Pembangunan, 1–9.

Ma’ruf, A., & Latri, W. (2008). Pertumbuhan Ekonomi Indonesia: Determinan dan Prospeknya. Jurnal Ekonomi Dan Studi Pembangunan, 9(1), 44–55.

Masrum, A. (2014). Pengaruh Pengurangan Subsidi Bahan Bakar Minyak (BBM), Kenaikan Harga Minyak (ICP) dan Inflasi terhadap PDB Riil. Jurnal Ilmiah. Universitas Brawijaya.

Milton, H. S., & Orley, M. A. (1993). Contemporary Economics. Worth Publishers.

Nugroho, R. (2020). Public Policy. Elex Media Komputindo.

Nugroho, R. D. (2006). Kebijakan Publik untuk Negara-Negara Berkembang. Elex Media Komputindo.

Panglima Saragih, J. (2011). Dilema Kebijakan Subsidi Harga Bahan Bakar Minyak dan Alternatif Solusinya. Jurnal Ekonomi & Kebijakan Publik, 2(2), `585-606. http://www.detikfinance

Pawenang, S. (2016). Modul Perkuliahan Lingkungan Ekonomi Bisnis. Program Pascasarjana UNIBA.

Purwanto, N. P. (2013). Subsidi BBM sebagai Penyebab Defisit Neraca Perdagangan. Info Singkat Ekonomi Dan Kebijakan Publik , 5(7), 13–16. www.dpr.go.id

Rahardjo, A. (2013). Teori-Teori Pembangunan Ekonomi, Pertumbuhan Ekonomi dan Pertumbuhan wilayah (1st ed.). Graha Ilmu.

Rivani, E. (2014). Kebijakan Subsidi BBM dan Efisiensi Perekonomian. Info Singkat Ekonomi Dan Kebijakan Publik, VI(9). www.dpr.go.id

Rositoh, I. (2015). Evaluasi Implementasi Kebijakan Pengadaan Barang/Jasa Pemerintah (PBJP) di Lingkungan Kementerian Pendidikan dan Kebudayaan. Universitas Esa Unggul.

DOI: 10.15578/jksekp.v6i2.3328

Saputra, A. C., & Suaryana, I. G. N. (2016). Pengaruh Umur Perusahaan, Ukuran Perusahaan, Return on Assets dan Financial Leverage pada Underpricing Penawaran Umum Perdana. E-Jurnal Akuntansi Universitas Udayana , 15(2).

Septiadi, A. (2018). Tegak Lurus Inflasi dan Daya Beli.

Setyawantika, M. A., & Wiranto, T. (2016). Analisis Implementasi Kebijakan Pembentukan Unit Layanan Pengadaan pada Direktorat Jenderal Kekayaan Negara Kementerian Keuangan Jurnal Publika. Jurnal Publika, 5(1), 12–26.

Setyo Hartono, D. (2011). Dampak Kenaikan Harga BBM di Pasar Dunia Tantangan bagi Perekonomian Indonesia. Value Added, 7(2), 20–32. http://jurnal.unimus.ac.id

DOI: 10.21082/jae.v34n1.2016.1-15

Sugiyono. (2013). Metode Penelitian Bisnis. Alfabeta.

Sulaiman, W. (2002). Jalan Pintas Menguasai SPSS. Andi.

Suparmoko, M. (2003). Keuangan Negara dalam Teori dan Praktik. BPFE.

Tambunan, R. A., & Bratakusumah, D. S. (2016). Analisis Implementasi Kebijakan Program Rusun BUMN Bina Lingkungan Pefduli bagi Kelompok Sasaran Masyarakat Berpenghasilan Rendah dengan Skema Relokasi di Kemayoran-Jakarta. Jurnal Publika, 5(1), 1–11.

Todaro, M. P., & Smith, S. C. (2009). Economic Development (10th ed.). Addison Wesley.

Yusgiantoro, P. (2000). Ekonomi Energi: Teori dan Praktek (1st ed.). Penerbit LP3ES.