Sign up | Log in



Home  >>  Daily News  >>  Indonesia News  >>  Energy  >>  Indonesia to raise local LPG price

NEWS UPDATES 16 August 2009

Indonesia to raise local LPG price

Related Stories

August 15, 2009
Indonesia eyes oil reserves to meet sales

August 10, 2009
Japanese firm ends deal to buy LNG from Indonesian plant

July 31, 2009
Siemens’ Indonesia unit spends 8.7m euro on expansion

July 19, 2009
Foreign oil firms in Indonesia’s Batam threaten to move out

Indonesia’s state-owned oil and gas firm PT Pertamina said the government had agreed to its plan to raise the price of liquefied petroleum gas (LPG) in 12-kg containers, Antara reported.

"The government has given the green light for us to adjust the domestic price of LPG in 12-kg cylinders," the state news agency quoted Pertamina spokesman Basuki Trikora Putra as saying.

But Pertamina had decided not to increase the LPG price until after the post-fasting month or Lebaran festivities. The fasting month will start on August 22, 2009 and last 30 days.

"Based on our considerations not to put a burden on consumers, we decided not to raise the price in the runup to the fasting month but to wait until after the lebaran festivities," Putra said.

Pertamina had submitted a proposal to the government to increase the price of LPG, particularly that in 12-kg cylinders in an effort to offset losses it had suffered in its LPG sales so far.

The state-owned firm proposed a price increase of 100 rupiah per kg of the gas or 1,200 rupiah per cylinder. Last year, the company also proposed a price increase of 500 rupiah per kg of LPG in 12-kg cylinders. (1$=9,930 rupiah)

But the proposal last year was rejected by the government on the ground that it would put a burden on consumers. 



Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand