Pertamina increases non-subsidized fuel prices

The Jakarta Post | Tue, 03/01/2011 3:43 PM | Business

State oil and gas firm PT Pertamina on Tuesday increased the prices of its non-subsidized fuels.

According to the company’s website, Pertamax fuel is now priced at Rp 8,100 (92 US cents) per liter in Jakarta, an increase of Rp 150 per liter from the previous price, while Pertamax plus is now priced at Rp 8,550 per liter.

In Bali, the price of Pertamax increased from Rp 8,250 to Rp 8,350 per liter.

In Batam, Pertamax plus increased by Rp 100 from its previous price of Rp 8,000 per liter.

The increases were mostly around Rp 100, but in West Sumatera the price of Pertamax increased by Rp 250 from Rp 8,650 per liter.

Pertamina eyes Middle East, Africa export markets

The Jakarta Post, Jakarta | Tue, 01/11/2011 7:29 AM | Business

State-owned oil and gas firm Pertamina on Monday announced plans to export 150,000 kiloliters of lubricant to the Middle East and Africa this year, among its efforts to become a world-class company.

“We are looking at Egypt, Jordan and several African countries,” Pertamina marketing and trade director Djaelani Sutomo said Monday as quoted by kontan.co.id.

The Pertamina lubricant Fastron is currently exported to countries including Singapore, Philippines, Timor Leste, Myanmar, Australia, Japan, Pakistan, United Arab Emirates and Belgium.

The head of Pertamina Lubricant’s brand and communications department, Redesmon Munir, said he was satisfied with Pertamina's ability to penetrate the Japanese market.

“Japan is a sexy market ... It has a large purchasing power and consumers pay attention to quality and service excellence,” he said.

Last year, Pertamina exported 80,000 kiloliters of lubricant, worth US$240 million.