Pertamina to take $1.7B hit

INDONESIA’S state-run Pertamina is paying the price for the government's reluctance to raise domestic fuel prices in line with surging global crude prices, at least until next year's presidential elections are held.

Pertamina to take $1.7B hit Pertamina to take $1.7B hit Pertamina to take $1.7B hit Pertamina to take $1.7B hit Pertamina to take $1.7B hit
Writing for Platts, Anita Nugraha and Eric Yep report that because of this, Pertamina is estimated to incur losses totaling Indonesian rupiah 24 trillion ($1.

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