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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.br / br / As many as 4,680 Pertamina filling stations across Indonesia have already made maximum preparation, she said.br / br / She said national stock of oil fuels had been maintained at an average level enough to meet demand for 20 days.br / br / 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.br / br / Meanwhile demonstrations against the fuel price hike continued to take place in many parts of the country.br / br / Karen said although demand had tended to rise national stock could still be maintained at a average level of meeting demand for 20 days.br / br / 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.br / br / She said Pertamina`s infrastructure starting from transportation, stockpiling, distribution and others have all been set in a stand-by mode.br / br / 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.br / br / 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.br / br / She added Pertamina is also ready to develop its present gasoline stations (SPBU) to also provide vigas or liquefied gas for vehicles (LGV).br / br / 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)br / br / (KR-SSB/O001)

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