Pertamina postpones LPG price rise. (Corporate News In Brief).
Pertamina has postponed an increase in its selling price for liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state. (LPG LPG: see liquefied petroleum gas.
1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities. ) until July 2002 as the prices of oil fuel has been too high. The domestic fuel prices could not be reduced yet as the oil prices in the world market remained high in May. There has been call for reducing the fuel prices following the rupiah ru·pi·ah
n. pl. rupiah
See Table at currency.
[Hindi rupay, rupiy appreciation. The country sets its fueol price based on prevailing prices in the international market with the Mid Oil Platt's Singapore (MOPS) system. Pertamina said earlier it planned to raise the price of LPG by 10%-15% by phases. The price hike was to start in April and it was postponed for May but was delayed again for June. But Pertamina said it would bring to reality the plan only in July.