Fuel prices for industry down

Fuel prices for industry down

JAKARTA: State oil and gas firm PT Pertamina cut prices of
kerosene, automotive diesel, gasoline, marine diesel and fuel oil
sold to mining companies, exporters and oil companies by as much
as 14.4 percent to reflect market prices.

Pertamina cut the price of kerosene by 14.4 percent to Rp
5,550 rupiah (55 U.S. cents) a liter, spokesman Mohammad Harun
said in an e-mailed statement. It reduced the price of automotive
diesel by 13.5 percent to Rp 5,340 a liter, and the price of
leaded premium gasoline by 12.6 percent to Rp 5,150 a liter.

"We cut the prices of fuel by an average 13 percent to follow
the drop in Singapore prices," Harun said. Singapore is Asia's
biggest oil-trading center. The prices take effect at midnight.

Mining companies and cement makers will have to pay Rp 5,180 a
liter for marine diesel, 12.8 percent less than last month, Harun
said. The price of fuel oil will be cut 4.9 percent to Rp 3,680 a
liter.

The new prices apply to oil and gas producers, mining
companies, cement and steel makers, and businesses that consume
more than 500 kiloliters of fuel a month. Those that are based in
areas where exporters receive tax breaks, refining plants and
large fishing vessels are also affected, the company said. --
Bloomberg