Pertamina, AKR appoints as suppliers and distributors for single fuel price policy

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Photo by The Insider Stories

JAKARTA (TheInsiderStories) – The Downstream Oil and Gas Regulatory Board (BPH Migas) has assigned the state oil and gas firm PT Pertamina, and logistics and supply chain company PT AKR Corporindo Tbk (IDX: AKRA), as suppliers and distributors of certain kinds of fuel to realize the single fuel price policy.

On Wednesday, Minister of Energy and Mineral Resources Ignasius Jonan said his ministry has released ministerial decree No. 36/2016  Accelerating the Implementation of One Price Type Specific Fuel and Fuel Type Special Assignment Nationally starting Jan. 1, 2017.



The regulations are aimed at encouraging fuel supplies through a single price policy as well as at boosting the distribution of fuels to outlying, outermost and remote areas which suffer shortage of fuel distributing facilities.

Policies one price fuel launched by President Joko Widodo in Oct. 2016 is an attempt to achieve social justice for all Indonesian people and economic growth. Jonan affirmed that the ministry is moving quickly to support this policy by making the ministerial regulation No. 36 of 2016 on

“The type of fuel that is set is the type of fuel Specific, namely Diesel Oil 48 (Gas Oil) and Kerosene and Fuel Type Special Assignment like Petrol (Gasoline) RON 88 is the base price and the selling price retail set by the Minister of Energy and Mineral Resources, ” said Jonan.

The minister also explained that in certain locations that have not contained distributors, BPH Migas will give a new assignment to business entities to make this fuel supply and distribution. In addition, themMinistrr also will give incentive in the form of higher margins to dealers in certain regions. Until 2020, targeted teradapat 108 distributors in certain locations.



According to the chairman of BPH Migas Andi Noorsaman Sommeng, handed over a letter of assignment to the two companies as suppliers and distributors of these fuels on Thursday attended by the minister. He said, Pertamina will supply and distribute 16,310,000 kiloliters of certain fuels, comprising 610,000 kiloliters of kerosene and 15,700,000 kiloliters of diesel oil (gas oil).

In addition, Pertamina will also distribute 12,500,000 kiloliters of special fuel. While, AKR Corporindo will distribute 300,000 kiloliters of diesel oil (gas oil).

 

The post Pertamina, AKR appoints as suppliers and distributors for single fuel price policy appeared first on The Insider Stories.

Source: The Insiderstories
Pertamina, AKR appoints as suppliers and distributors for single fuel price policy

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