State oil and gas company Pertamina on Tuesday raised the price of industrial fuels following depreciation of the local currency against the U.S. dollar early this month.
The company raised the price of gasoline for industrial use by 6.7 percent to Rp 7,833 (84 U.S. cents) per liter.
The price of kerosene was raised by 3 percent to Rp 8,336 per liter, and fuel oil by 5.4 percent to Rp 5,795 per liter.
Diesel fuel for transportation also fell victim to the rise as the company hiked its price by 4.6 percent to Rp 8,695 per liter, and diesel fuel for industry increased by 4.6 percent to Rp 8,317.
Pertamina acting vice president for communications Adiatma Sardjito said the rise was due primarily to the weakening of the rupiah against the dollar by 0.89 percent early this January.
Following the surge in global oil prices, Pertamina has changed its fuel prices to industrial customers every 15 days. -- JP/Ika Krismantari.
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