Price of industrial diesel up
Price of industrial diesel up
OR
Industrial diesel price increases
The Jakarta Post
Jakarta
State oil and gas company Pertamina announced on Thursday the
prices of fuel products for March, which mostly remain the same
as those in February except for industrial diesel fuel, fuel oil
and kerosene for industry.
Pertamina said in a statement that the price of industrial
diesel was raised to Rp 1,120 per liter from Rp 1,110, fuel oil
to Rp 950 from Rp 925, and kerosene for industry to Rp 1,270 from
Rp 1,230.
It said that the prices of premium gasoline sold at gas
stations remained Rp 1,550 per liter, automotive diesel oil Rp
1,150 and kerosene for households and small enterprises at Rp
600.
The government decided in January to peg fuel prices in the
country to those in neighboring Singapore except kerosene for
households and small industry.
The price of premium gasoline is set at the Mid Oil Platts
Singapore (MOPS) price, while the prices of automotive diesel,
industrial diesel, fuel oil and kerosene for industry at 75
percent of the MOPS prices.
Pertamina did not explain why most fuel prices remained
unchanged, but Director General of Oil and Gas Rachmat Sudibyo
said earlier that as world oil prices remained stable at around
US$19 per barrel in February, and the rupiah managed to slightly
strengthen against the U.S. dollar, fuel prices for March would
not change much.
From now on, Pertamina will announce the price of fuel
products at the beginning of each month.
The government, however, has set a maximum and minimum price
for fuel products to avoid extreme fluctuations.
The minimum price for premium gasoline is Rp 1,450 and the
ceiling is Rp 1,750; for automotive diesel between Rp 900 and Rp
1,550; for industrial diesel at Rp 900 and Rp 1,520; fuel oil at
Rp 800 and Rp 1,150; and kerosene for industry at between Rp 900
and Rp 1,650.
The government allows market mechanisms to decide the price of
most fuel products in a bid to reduce fuel subsidies and to ease
pressure on the state budget.
Raising fuel prices, however, is a politically sensitive issue
in the country, whose people have endured years of economic
crisis.