Diesel fuel, high sulphur diesel for November hit ceiling price
Thursday, October 31 2002 - 07:27 AM WIB
The government on Thursday announced an increase in the price of diesel fuel and high sulphur diesel for November to the ceiling of Rp1,550 (US$=Rp9,200) per liter.
Premium fuel would be maintained at the current ceiling of Rp1,750 per liter, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said.
Meanwhile, the price of kerosene would stay at the current level of Rp1,520 per liter.
The new price will become effective on Thursday (Nov. 1), Purnomo said.
Indonesia?s fuel prices are decided in accordance with world price indicators issued under Mid Oil Platts Singapore (MPOS) and the fluctuation of rupiah against the U.S. dollar.
An oil industry source said on Thursday MPOS had increased by between 4.8 percent and 8.4 percent. (godang)