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Tuesday, March 27, 2012 12:03 WIT
Pertamina ready to meet fuel price hike

Jakarta (IOGNews) - PT Pertamina has been ready to meet the implementation of subsidized oil fuel price hike, its president director, Karen Agustiawan, said here on Monday.

"As many as 4,680 Pertamina filling stations across Indonesia have already made maximum preparation," she said.

She said national stock of oil fuels had been maintained at an average level enough to meet demand for 20 days.

The government and the House of Representatives (DPR) are still debating the 2012 revised budget that would determine whether or not the price of subsidized oil fuels would be raised.

Meanwhile demonstrations against the fuel price hike continued to take place in many parts of the country.

Karen said although demand had tended to rise national stock could still be maintained at a average level of meeting demand for 20 days.

"Pertamina as one of the business entities that distribute subsidized oil fuels is ready to carry out the government`s new subsidized fuel price policy as of April 1," she said.

She said Pertamina`s infrastructure starting from transportation, stockpiling, distribution and others have all been set in a stand-by mode.

To strengthen national energy resilience Karen said the state-owned oil and gas company has also been ready to make the government`s gasoline-to-natural gas conversion program for public transports successful.

Pertamina has even prepared more than Rp2 trillion to build around 118 compressed natural gas filling stations (SPBG) to add to six SPBGs already operating now, she said.

She added Pertamina is also ready to develop its present gasoline stations (SPBU) to also provide vigas or liquefied gas for vehicles (LGV).

The number of its SPBUs that are currently serving vigas or LGV reaches 10 while 10 others are in the process of completing their facilities. (*Antara)


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