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March 17, 2008

State firm raises fuel prices for industrial use

Indonesia's state-run oil and gas firm Pertamina has increased fuel prices by between 1.1 percent and 4.6 percent for corporate customers effective from March 14.

Under the new price list, low-grade gasoline for industrial uses sells at between 7,000 rupiah and 7,385 rupiah (between about 77 cents and 81 cents) per liter, depending on the distribution areas in the huge archipelago.

Diesel fuel is priced up to 8,192 rupiah (90 cents) per liter and kerosene 8,111 rupiah (89 cents) per liter, the company said in a statement.

Pertamina restates its fuel prices every two weeks amid the highly volatile global oil prices. Previously, the price list is made available monthly. ?

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