Jakarta (Antara Bali) - Fuel oil resilience in Indonesia still raises concern and is left far behind that of other countries in Asia, such as South Korea and China, an oil official said.
"In Indonesia, fuel oil reserves can only last 20 days and all fuel oil procurements use Pertamina's money, amounting to Rp26 trillion. This causes Pertamina's operational costs to increase," Ali Mundakir, Vice President for Corporate Communications of state-owned oil and gas company Pertamina, said here over the weekend.
He added that the fuel oil reserves in Asian countries, such as South Korea and China, could supply their countries for three months.
"The fuel oil resilience of China and South Korea reached 90 days. Ideally, fuel oil resilience should be able to last for three months. In Indonesia, supplies of fuel oils could be hampered due to the lack of refinery plants," he said.
He added that one of the best solutions to the disruption of fuel oil supplies in Indonesia was to increase the number of refinery plants.(IGT)
Related News
Pertamina to not raise fuel oil prices
Thursday, 6 September 2018 14:29
Pertamina Sees Increase in High Quality Fuel Oil Sales
Tuesday, 22 Agustus 2017 8:49
No Increase in Fuel Oil Prices: Minister
Wednesday, 5 Juli 2017 10:15
Fuel Oil Consumption to Increase 10 Percent During Holidays
Friday, 6 Mei 2016 17:19
Govt Postpones Plan to Collect Energy Security Fund
Tuesday, 5 Januari 2016 8:11
Current Account Balance Expected to Improve: BI
Saturday, 16 Mei 2015 7:50
Fuel Price Hike for Infrastructure Development : VP
Sunday, 29 Maret 2015 21:53
Oil and Gas Committee to Ask Suppliers Actually Petral
Wednesday, 17 Desember 2014 23:23
Government Must Lower Fuel Prices If Mafia's Role Exposed: Professor
Wednesday, 3 Desember 2014 13:10
Minister Ensures Smooth Implementation of Fuel Subsidy Diversion
Wednesday, 19 November 2014 13:24
Friday Afternoon Rupiah Strengthened to Rp. 12.030
Saturday, 1 November 2014 8:24
Fuel Oil Price Increase To Boost 1.8 Pct Inflation: BI
Wednesday, 29 Oktober 2014 15:37