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Indonesia to raise gas prices by 10 pct in August
Last Updated(Beijing Time):2007-06-27 10:44

Indonesia's state-run gas distributor PT PGN will raise the price of natural gas sold to households and industries by 10 percent in August, following an increase in gas producers' prices.

The price will be tagged at 5.5 U.S. dollars per million British thermal units (mmbtu), as compared with the existing price of 5 dollars per mmbtu, English daily The Jakarta Post reported Tuesday.

The rise is in line with the increased price being charged for natural gas by the producers, including state oil and gas firm PT Pertamina. The gas price increased by 60 percent to 4 dollars per mmbtu in April from 2.5 dollars per mmbtu previously, the daily said, quoting PGN President director Sutikno.

Sutikno added, however, that the price was still much lower than liquefied petroleum gas (LPG) and diesel, which stand at 14 dollars per mmbtu and 17 dollars per mmbtu, respectively.

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