Wednesday 19 November 2014

Pertamina Imports More Pertamax to Anticipate Surge of Demands

Pertamina Imports More Pertamax to Anticipate Surge of Demands

TEMPO.COJakarta - Hanung Budaya, Director of Sales and Marketing for state-owned oil and gas company Pertamina, said that the company will import an additional three cargos of non-subsidized fuel, Pertamax, in order "to maintain [Pertamax] supply throughout December." The number is equal to 600,000 barrels.

Currently, said Hanung, Pertamina continues to import Pertamax to anticipate increasing demands that is predicted to occur as a result of the lower price margin between subsidized and non-subsidized fuel.
Hanung said that the people would most likely switch to purchasing Pertamax. Currently, Pertamax supply is enough for the next 40 days, assuming that the average daily consumption of Pertamax is 2,500 kiloliters. In the next three months however, Pertamax consumption is predicted to increase to 10,000 kiloliters per day.
On November 17, 2014, President Joko Widodo had announced a price increase for subsidized fuel from Rp 6,500 per liter to Rp 8,500 per liter, and subsidized diesel fuel (Solar) from Rp 5,500 per liter to Rp 7,500 per liter.
KHAIRUL ANAM

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