Pertamina cut fuel prices for industrial users

State oil and gas company announced on Thursday that it would cut down further fuel prices for industrial users and vessels by an average of 21 percent, following a 6 percent cut in August.

Pertamina's spokesman Ridwan Nyak Baik said in a statement that Pertamina would continue to adjust fuel prices for industrial users based on the prices of Mid Oil Platts Singapore (MOPS), plus a five percent margin.

As of September 1, the fuel prices for industrial users and vessels will be as follows:

Fuel market price (rupiah/liter) 50%-market price int'l bunker price (US cents/liter)

Premium 1,460 1,450

Kerosene 1,940 970

HSD 1,910 955 20.60

MDF 1,860 930 20.10

MFO 1,420 710 15.30

Note: the selling price has included a 10 percent value added tax. (*)