Indonesia’s state oil company, Pertamina, has cut its jet fuel prices 5.25% to $0.44 a liter for international flight usage, following pressure from Indonesian carriers. It has also cut fuel prices 1.5% for domestic operators. The moves follow comments from Indonesian Transport Minister Ignatius Jonan that the oil company should lower prices to keep local airlines viable. State carrier Garuda Indonesia estimates it uses some 1.8 billion liters of aviation fuel per year. As a result, ...

Subscribe to Access this Entire Article

"Indonesia’s oil company cuts fuel prices more than 5% " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.