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gasoline

Business 5 years ago

PREMIUM
Indonesia boosts refinement to end fuel imports

The government is on a campaign to lower the country’s oil and gas trade deficit, which has dampened the rising trade surplus recorded this year.

Business 5 years ago

Oil down after US crude inventories rise against expectations

Brent crude was trading down 30 cents, or 0.7 percent, at US$41.42 a barrel by 0347 GMT, after gaining 28 cents on Tuesday, while US crude dropped 34 cents, or 0.9 percent, to $39.46.

Business 6 years ago

Indonesia removes price floor for unsubsidized fuels amid global oil price war

The Energy and Mineral Resources Ministry issued on Feb. 28 Ministerial Decree No. 62/2020 that erases a price floor for gasoline and diesel set by a previous decree, providing flexibility for distributors to reduce prices as low as possible.

Business 6 years ago

Pertamina again lowers Pertamax prices to promote nonsubsidized fuel

The regulation further closes the price gap between Pertamax and Pertamax Turbo and the subsidized Premium gasoline brand, which is pegged at Rp 6,450 per liter under the One Fuel Price policy.

Business 6 years ago

Pertamina lowers prices of Pertamax, Dex variants

State-owned energy giant Pertamina has lowered the prices for its range of gasoline variants, including Pertamax, Pertamax Turbo, Pertamina Dex and Dexlite.

Business 6 years ago

Government agency fixes subsidized fuels allocation for 2020

The Downstream Oil and Gas Regulatory Agency (BPH Migas) has set next year’s allocation of subsidized fuels at 26.87 million kiloliters, up 3 percent from last year.

Business 6 years ago

Indonesia develops coprocessing system for gasoline, LPG produced from CPO

The Energy and Mineral Resources Ministry has developed a coprocessing system for gasoline and liquefied petroleum gas (LPG) at its existing refineries.

Business 7 years ago

Indonesians enjoy cheaper gasoline ahead of election

State-owned energy holding company Pertamina lowered the prices of its subsidized and non-subsidized gasoline by up to Rp 800 (6 US cents) per liter on Sunday, a move some consider political ahead of the presidential election in April.

Business 7 years ago

Consumers find Pertamini convenient, appear safe from crackdown

Despite state energy company Pertamina’s objections to the presence of unofficial gasoline kiosks known as Pertamini, there are those who find the service convenient, while it appears the kiosks remain safe from being shut down.