Pertamina reduces prices

JAKARTA (JP): State oil and gas company Pertamina has reduced prices of compressed natural gas (CNG) and the Bensin Biru Dua Langkah (BB2L) gasoline but maintained those of Premix, Super TT gasoline, lubricating oils and liquefied petroleum gas (LPG).

Pertamina's spokesman Ramli Djaafar told The Jakarta Post yesterday the price increases for Premix and Super TT gasoline, LPG and lubricating oils made on May 5 were still in effect.

Pertamina then raised the price of Premix to Rp 1,500 (1.8 US cents) per liter, Super TT's price to Rp 1,600 per liter, and LPG's price to Rp 840 per liter for vehicles and Rp 1,500 per liter for household and industry.

The price increases were made following the government's decision to raise fuel prices on the same day.

But, Djaafar said Pertamina had last Saturday reduced the price of CNG to Rp 450 per liter from the May 5 price of Rp 550 per liter and the price of BB2L to Rp 900 per liter from the May 5 price of 1,050 per liter.

The price reductions were made following the government's recent decision to lower fuel prices in response to a public outcry, he said. (jsk)