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In a statement Pertamina President Ariffi Nawawi said, “The request for additional fees was reasonable given the fact that the company [has] to shoulder opportunity losses by maintaining a 23-day national oil fuel stock.”
“We did not make the proposal seeking a greater profit. We are just asking for an amount that is enough to cover all our fuel processing and distribution cost burdens,” added Ariffi at a hearing with House of Representatives Commission VIII for mining and energy.
Currently, Pertamina charges the Indonesian government US$0.40 per barrel in total fees. This amounts to US$0.20 each for processing and distribution. The new proposal will see the total fees being raised to US$0.80 per barrel; US$0.40 each for processing and distribution.
