Pertamina Cuts Subsidized Fuel Distribution by 5-15%

Translator

Editor

Selasa, 26 Agustus 2014 13:16 WIB

TEMPO.CO, Jakarta – State oil and gas company has cut its subsidized gasoline and diesel distribution to gas stations. The allocation of subsidized gasoline—also known as Premium—is cut by five percent fwhile subsidized diesel (Solar) is cut by 10 to 15 percent.


The policy was made so that the quota of subsidized fuel will not exceed the specified allocation of 46 million kiloliters before the end of the year..


"We have to choose between allowing normal consumption and running out by early December, or we could distribute according to quota," Pertamina commercial and marketing director Hanung Budya said.


The cut was done by reducing the daily supplies of Pertamina's gas stations nationwide. To replace the missing volume, Pertamina is increasing the supply of its non-subsidized fuel such as Pertamax and Pertamax Dex.


Pertamina spokesman Ali Mundakir said the daily cut is done to ensure that the fuel quota—set by the government at 46 million kiloliters—will suffice until December 31, 2014.


"[The cut] is applied to some 5,000 gas stations across Indonesia," he said.



ALI NY | AYU PRIMA SANDI

Related News

Pertamina Geothermal Energy Nets US$47.49mn Profits in Q1

5 hari lalu

Pertamina Geothermal Energy Nets US$47.49mn Profits in Q1

Pertamina Geothermal Energy is able to maintain its net profit margin at 46 percent.

Read More

Pertamina: No Disruption on Fuel Stock amid Iran-Israel Conflict

12 hari lalu

Pertamina: No Disruption on Fuel Stock amid Iran-Israel Conflict

A Pertamina official said that oil and gas stocks were safe and would remain safe for a period of 20 days

Read More

Iran-Israel Conflict: EMR Ministry Assures Fuel Supplies in Indonesia Still Safe

17 hari lalu

Iran-Israel Conflict: EMR Ministry Assures Fuel Supplies in Indonesia Still Safe

The Ministry of Energy and Mineral Resources is confident that national fuel oil reserves in Indonesia are unaffected by Iran and Israel's conflict.

Read More

Pertamina Records Increase in Pertamax Series Fuel Consumption

22 hari lalu

Pertamina Records Increase in Pertamax Series Fuel Consumption

Pertamina official explained that people prefers to use higher quality fuel during homecoming to prevent vehicle trouble on the road.

Read More

BPH Migas Says There is Enough Fuel Stock for Ramadan, Eid

31 hari lalu

BPH Migas Says There is Enough Fuel Stock for Ramadan, Eid

BPH Migas said that the stock of fuel oil during the period of Ramadan and Eid 2024 is in a safe condition, with enough volume for more than 20 days.

Read More

Pertamina Readies Fuel, LPG Stocks Ahead of Eid al-Fitr Holiday Season

33 hari lalu

Pertamina Readies Fuel, LPG Stocks Ahead of Eid al-Fitr Holiday Season

Pertamina has stocked up fuel (BBM) and LPG (liquefied petroleum gas) in East Java, Bali, and Nusa Tenggara ahead of the Eid al-Fitr holiday period.

Read More

Pertamina Joins Forces with Bakrie Group to Develop Research Infrastructure at IKN

39 hari lalu

Pertamina Joins Forces with Bakrie Group to Develop Research Infrastructure at IKN

Pertamina and Bakrie Group have agreed to develop shared hub infrastructure in Indonesia's future capital city (IKN), Nusantara.

Read More

Groundbreaking for IISI by Pertamina, Bakrie Group in IKN Begins Q2 of 2024

39 hari lalu

Groundbreaking for IISI by Pertamina, Bakrie Group in IKN Begins Q2 of 2024

Pertamina and Bakrie Group agreed to develop Shared Hub Infrastructure in the Nusantara Capital City (IKN).

Read More

Pertamina International Shipping Ensures Adequate Supply of Fuel at Ports Ahead of Eid Homecoming

39 hari lalu

Pertamina International Shipping Ensures Adequate Supply of Fuel at Ports Ahead of Eid Homecoming

Pertamina International Shipping (PIS) guarantees a smooth supply of fuel at ports, bunkers, and depots ahead of the Eid homecoming season.

Read More

Govt Ensures No Price Hike on Pertamina's Fuel Oil

4 Maret 2024

Govt Ensures No Price Hike on Pertamina's Fuel Oil

Jokowi ensured that there would be no price hike for fuel oil (BBM) from Pertamina.

Read More