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Pertamina noted that jet fuel consumption decreased after the Christmas and New Year holidays.
State oil and gas firm Pertamina saw its aviation turbine (avtur) fuel sales in June 2020 in Bali plunging up to 96 percent.
Pertamina reported an abundance of fuel supply due to the significant drop in market demand amid the coronavirus pandemic.
Pertamina Director Nicke Widyawati reported in a DPR hearing today regarding the firm's oversupply of jet fuel (avtur) and diesel fuel (solar).
Coordinating Minister Airlangga Hartarto said ESDM Ministry and Pertamina will study on a one-price policy on jet fuel in a bid to suppress airfare.
Pertamina offered a discounted price of jet fuel or avtur at 20 percent for eastern regions of Indonesia during this year's end.
Transport Minister Budi Karya said several low-cost carriers had committed to dropping airfares of domestic flights on certain days until February.
Garuda Indonesia has recently closed flight routes at a number of airports following the drop in the number of passengers.
Low-cost carrier Wings Air has announced it will close seven flight routes starting October 3, 2019.
Research, Technology Minister Mohamad Nasir has encouraged development of technology-based people's economy to boost national economic growth.
Domestic airlines may use crude palm oil (CPO)-based aviation turbine (avtur) fuel or green avtur in 2021.
President Joko Widodo or Jokowi said that he was informed that palm oil could be processed into avtur or jet fuel.
AirAsia Indonesia CEO Dendy Kurniawan hoped the government would review the selling price of jet fuel or avtur that remained considerably costly.
The Government persists on pressuring PT Pertamina to lower the price of jet fuel (avtur) in an attempt to lower airplane ticket prices.
Transportation Minister Budi Karya Sumadi said he would not draft a new decree in which ruling airfare based on sub-price and subclasses in near time.
Luhut Pandjaitan highly urged a number of Indonesian air carriers to drop its airfares following a meeting between state ministries.
Pertamina will have the fuel ready for Garuda planes in 14 fueling stations abroad.
Coordinating Minister of Maritime Affairs agreed to the concept of having more energy companies supply jet fuel or avtur other than Pertamina.
State energy company Pertamina has adjusted the price of jet fuel or avtur that is effective starting on today, February 16.
President Jokowi has ordered a recalculation of the price of jet fuel or avtur to make it more efficient.
