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Tuesday, Apr 15, 2014

Asia

Indonesia to exceed quota for subsidised diesel, kerosene consumption

Reuters | Tuesday, Apr 15, 2014

JAKARTA – Indonesia’ state-owned oil and gas company, Pertamina, expects the country’s consumption of subsidised diesel and kerosene to exceed its quota by around a fifth each this year. “Don’t be surprised if at the end of this year we will limit diesel distribution,” the firm’s marketing director, Hanung Budya, told the Green Mining and Investment Forum at a meeting of administrative officials in Jakarta on Tuesday.

Diesel demand was growing at around 6.2 percent per year, Budya said.

Subsidised diesel consumption is expected to reach 16.87 million kilolitres, 19.4 pct above the quota of 14.14 million kl, he added.

The firm expects subsidised kerosene consumption to reach 1.1 million kl, 22.2 pct over the quota of 0.9 million kl, while subsidised gasoline consumption is expected to reach 31.73 million kl, 1.8 pct below the quota of 32.32 million kiloliters.

Pertamina is expected to provide 47.355 million kiloliters of the 48 million kl of subsidised fuel supplied in Southeast Asia’s largest economy this year.

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