Indonesia subsidized fuel consumption to rise 6% in 2011

Indonesia’s state-owned oil and gas company Pertamina estimates that the country’s subsidized fuel consumption will rise 6% to 42.5 million kiloliters (kl) in 2011 from 40.1 million kl projected for 2010, a senior official who declined to be named said, adding that the rise will boost the country’s imports for these oil products. Pertamina’s figures are only estimates as the subsidized fuel quotas require government approval. For 2010, the government has so far pegged its fuel subsidy allocation at just 36.5 million kl compared with Pertamina’s estimate of 40.1 million kl for the year. (June 8, 2010)