Fuel prices for industries drop by between 5% and 15%

State owned oil and gas company Pertamina lowered the prices of fuel for industries by between five percent and 15 percent on Wednesday as an adjustment to the decline in the crude oil prices in the international market, Kompas reported on Thursday.

Under the new prices which takes affect beginning today (Dec.1), the price of the Premium gasoline is Rp 5,150 per litter, down from Rp 5,890 per litter, kerosene Rp 5,550 down from Rp 6.480 per litter, automotive diesel Rp 5,340, down from Rp 6,170 per litter, industrial diesel oil Rp 5,180, down from Rp 5,940, per litter, and burning fuel Rp 3,680, down from Rp 3,870 per litter.

Pertamina adjusts the prices of fuels for industries every month based on the price reference made under Mild Oil Platt Singapore (MOPS), plus tax. (*)