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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Pertamina braces for low profitability

  • Viriya P. Singgih

    The Jakarta Post

Jakarta | Mon, April 16 2018 | 12:02 am

PREMIUM State-owned oil and gas holding firm Pertamina is preparing for lower profitability following the government’s decision to pass onto the company’s shoulders burdens stemming from a global crude price increase.

The government has ordered Pertamina to maintain the price of Premium gasoline and subsidized diesel Solar at Rp 6,450 (47 US cents) and Rp 5,150 per liter, respectively, until 20...