Pertamina lowers fuel prices for industry by up to 11.3 percent

State-owned oil and gas company PT Pertamina lowered retail prices for several non-subsidized fuels for industry beginning September 01, 2008 following the recent decrease in international crude prices.

Pertamina said in Jakarta Monday that prices for Premium gasoline had been slashed by 6.5 percent to Rp 7,239.60 (US$= Rp 9,163) per liter, kerosene by 9.4 percent to Rp 9,004.00 per liter and high-speed diesel (HSD) by 11.3 percent to Rp 8,563.20 per liter.

Pertamina also slashed the price for marine fuel oil (MFO) by 6.9 percent to Rp 6,995.40 per liter and Marine Diesel Fuel (MDF) by 11.0 percent to Rp 8,823.60 per liter.

Prices of fuels for public transportation are maintained at Rp 6,000 per liter for premium gasoline and Rp 5,500 per liter for HSD. Price for subsidized kerosene for household and small industry consumption is maintained at Rp. 2,500 per liter.

Meanwhile the new price for Pertamax gasoline in Jakarta, Banten, and West Java is Rp 8,450 per liter compared with Rp 8,900 per liter previously. The price of Pertamax Plus gasoline in the same regions have been slashed to Rp 8,700 from Rp 9,100 per liter, while the price of Dex gasoline has been lowered to Rp 10,500 from Rp 11,400 per liter and BioPertamax to Rp 8,450 from Rp 8,900 per liter. (godang)