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Pertamina postpones LPG price rise. (Corporate News In Brief).

Pertamina has postponed an increase in its selling price for liquefied petroleum gas (LPG) 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 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.
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Title Annotation:Pertamina Humas P.T. earnings report
Comment:Pertamina postpones LPG price rise. (Corporate News In Brief).(Pertamina Humas P.T. earnings report)
Publication:Indonesian Commercial Newsletter
Article Type:Brief Article
Geographic Code:9INDO
Date:Jun 25, 2002
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