AKR expands fuel stations
Wednesday, May 6 2015 - 03:22 AM WIB
By Thomas Sembiring
IDX-listed PT AKR Corporindo Tbk, which among others engaged in fuel distribution, plans to expand the number of its fuel stations this year to 170 from 131 at the end of last year.
AKR Director Suresh Vembu said Tuesday total investment is estimated at Rp 250 billion.
He said the company this year has obtained higher quota of subsidized fuel products from the downstream oil and gas regulator at 645,000 kiloliters.
Editing by Reiner Simanjuntak