Will Govt Extend Coal Price Cap for Cement and Fertilizer Industries?

By Editorial Team 08/03/2022
Summary

The Industry Ministry (Kemenperin) wrote to the Energy and Mineral Resources (ESDM) Ministry again, asking for the extension of the coal price policy for cement and fertilizer industries. The incentive, capping the price to US$90 per metric ton, has been in effect since November 1, 2021, and will expire on March 31, 2022.

The Industry Ministry's Director of the Cement, Ceramics, and Non-Metal Mineral Processing Industry, Wiwiek Pudjiastuti, said the proposed extension of the coal domestic market price (DMP) for cement and fertilizer industries had been discussed with the House of Representatives. "We have sent a letter to the Energy and Mineral Resources Ministry on the extension of the coal DMP. Besides the extension, we also discussed the possibility of equally implementing it to the cement industry," Wiwiek explained on Monday.

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