Wednesday, December 29, 2010

Subsidized fuels stock safe until mid-January

The Jakarta Post, Jakarta | Tue, 12/28/2010 1:03 PM | Business

State oil and gas firm PT Pertamina says Indonesia’s stocks of subsidized fuels are secure until mid January.

Pertamina vice president for retail fuels Basuki Trikora Putra said Tuesday that the company still had enough gasoline stocks for 22 days, kerosene for 50 days and diesel for 18 days.

“Approaching the New Year, we are glad to say we have more than enough stocks of subsidized fuels in storage,” he told reporters on the sidelines of the launch of the company’s new fuel station in South Jakarta.

Pertamina, he added, had also coordinated with the Energy and Mineral Resources Ministry to set up a task force to supervise fuel consumption across the country.

“The task-force will directly report to us if a fuel shortage occurs and we'll supply the necessary fuels as soon as possible directly to prevent prices from rising,” Basuki said.

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