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, ...

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