Pertamina ups industrial, high-octane fuel prices

Aditya Suharmoko , The Jakarta Post , Jakarta | Tue, 07/01/2008 10:25 AM | Business

State oil and gas company PT Pertamina has raised the prices of non-subsidized fuels sold to industries by an average 3.33 percent, effective today, due in part to the weakening rupiah against the dollar.

The price of gasoline for industries rose 3 percent from the last hike on June 15. The price of kerosene increased 1.1 percent, high speed diesel (HSD) by 3.8 percent and marine diesel fuel (MDF) by 5.4 percent, the company said Monday on its website.

In Greater Jakarta, Pertamina gasoline climbed to Rp 9,136 (98.98 U.S. cents) per liter, kerosene to Rp 11,229 per liter, HSD Rp to 11,133.04 per liter and MDF to Rp 10,984 per liter.

Prices reached their highest in Jayapura and East Nusa Tenggara, with gasoline hitting Rp 9,688 per liter, kerosene Rp 11,717.5 per liter, HSD Rp 11,949.5 per liter and MDF Rp 11,462 per liter.

Pertamina also raised non-subsidized high-quality fuels, also effective today.

In Greater Jakarta, the price per liter of Pertamax Plus gasoline rose to Rp 10,600, up from Rp 10,300, while Pertamax gasoline hit Rp 10,300 per liter, up from Rp 10,000 per liter.

The price of Pertamina DEX diesel and Biopertamax each increased by Rp 300 to Rp 13,000 and Rp 10,300 per liter, respectively.

Pertamax Plus gasoline climbed to Rp 9,900 per liter in Batam, to Rp 10,900 per liter in Central and East Java, and Pertamax gasoline rose to Rp 11,800 in Palu.

Pertamina DEX diesel can be obtained only in Greater Jakarta and East Java. The price of Biopertamax diesel ranges from Rp 10,300 in Greater Jakarta to Rp 10,550 in Bali.

Ministers of the State-Owned Enterprises Ministry and of the Energy and Mineral Resources Ministry have supported Pertamina's plan to increase the price of liquefied petroleum gas (LPG) per 12-kilogram cylinder in early July to Rp 5,000 from Rp 4,250 (45 U.S. cents), or to Rp 60,000 from Rp 51,000 per cylinder.

Energy and Mineral Resources Minister Purnomo Yusgiantoro said Monday his ministry had authorized Pertamina to consult the State-Owned Enterprises Ministry on its plan to raise the price.

"We will not intervene on such a matter because the government does not subsidize the domestic consumption of the 12 kg-cylinders," he told journalists.

State Minister for State Enterprises Sofyan Djalil said Pertamina had decided to increase the price in a shareholders meeting in hope it could minimize its LPG business losses.

Of Indonesia's total annual LPG consumption of 1.1 million tons, 13 percent is packaged in 50-kg tanks and 75 percent in 12-kg tanks. In September last year, Pertamina raised the price of LPG in 50-kg tanks by 46 percent to Rp 6,200 per kg from Rp 4,250 per kg. (ewd)

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