Fuel Price Settlement Needs to Wait until September 25
23 September 2016 17:08 WIB
TEMPO.CO, Jakarta - The new price for fuel will have to wait the price for Brent Crude Oil, West Texas Intermediate (WTI), and Mean of Platts (MOPS) until September 25.
Director General of the Oil and Gas DG at the Energy Ministry, I Gusti Nyoman Wiratmaja Puja, said that the government has decided to revise the price once every three months.
"We will have to wait until September 25," said Wiratmaja Friday, September 23.
He added that premium fuel price trend is declining, while diesel fuel price trend is rising. "We have calculated it from the global crude oil price," he said.
Currently, diesel fuel is at Rp 5,150 per liter and premium fuel is at Rp 6,450 per liter.