Fuels prices down 5%<\/p>\n
Starting on Monday consumers are paying 5-6 percent lower prices
\nfor high-octane fuels of Pertamax, Pertamax Plus and Pertamax
\nDEX.<\/p>\n
State oil and gas firm PT Pertamina spokesman Mochamad Harun
\nsaid in a release distributed on Monday that the firm lowered
\nprices for Pertamax and Pertamax Plus by Rp 300 (3 U.S. cents)
\nper liter from Rp 5,700 and Rp 5,900 a liter respectively.<\/p>\n
The reduction is slightly higher that a previous statement
\nmade by Pertamina's fuel division head, Achmad Faisal, on Friday
\nthat prices for the two fuels would be lowered by Rp 200 a liter.<\/p>\n
As for Pertamina DEX -- high-octane diesel fuel -- the price
\nis dropping 6 percent, down from Rp 6,300 a liter to Rp 5,900.<\/p>\n
The company said the lower prices of non-subsidized fuels were
\ndue to the falling global oil prices and the Mid Oil Plat
\nSingapore prices by an average of 3 percent.<\/p>\n
Pertamina said the national consumption of Pertamax and
\nPertamax Plus only reached around 500 kilo liters (kl) per day
\nthis year, much lower than last year's daily average consumption
\nof 2,000 kl.<\/p>\n
The drastic decrease was due to the skyrocketing retail price
\nof the two fuels from Rp 2,450 per liter of Pertamax to Rp 4,000
\nand from Rp 2,750 per liter of Pertamax Plus to Rp 4,200 last
\nDecember. The government removed the subsidies on the fuel
\nbecause of the soaring international cost of oil.<\/p>\n
Pertamina now faces competition in the retail sector after
\nRoyal Dutch Shell Plc. entered the market in early November,
\nopening its first gas station in Karawaci, west of Jakarta. Shell
\nsells its high-octane products, with specifications similar to
\nPertamina's, at the same price. -- JP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/fuels-prices-down-5-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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