Fuel prices remain unchanged this month

Fuel prices remain unchanged this month

The Jakarta Post, Jakarta

State oil and gas company Pertamina has decided to maintain the
price of fuel products for transportation and industry for this
month, a media statement said on Monday.

The fuel prices were unchanged from January. Premium fuel for
industry is listed at Rp 2,100 per liter, kerosene Rp 2,200 per
liter, automotive diesel fuel Rp 2,050 per liter and industrial
diesel fuel Rp 1,600.

The price of premium gasoline at gas pumps will remain flat at
Rp 1,810 per liter, while the price of kerosene is still Rp 1,800
per liter.

Pertamina's high-quality gasoline brands Pertamax and Pertamax
Plus will remain at Rp 4,000 per liter and Rp 4,200 per liter,
respectively.

Pertamina said that the only adjustment of fuel prices was in
the international bunker prices, valid starting today.

Automotive diesel price dropped from 38 U.S. cents per liter
in January to 35.4 U.S cents per liter and industrial diesel from
36.2 U.S cents per liter to 33.8 U.S cents per liter. Fuel oil
declined from 20.3 U.S. cents per liter to 19.5 U.S cents per
liter.

Bunker international prices are not subject to tax and are
valid for foreign ships, vessels heading abroad and bunker fuel
agents.

Pertamina decides on new fuel prices every month based on
prices in neighboring Singapore and exchange rate developments.
But the government has decided not to raise fuel prices during
the elections.

The cash-strapped government is still mulling over various
schemes that will increase domestic retail fuel prices by cutting
subsidies. Last year, the fuel subsidy amounted to Rp 63 trillion
($6.89 billion) amid soaring international crude oil prices,
which at one point reached $55 per barrel.