Indonesia's Energy Firm PT Pertamina Posts Net Loss of $767.9M in H1 2020

“Although the demand fell, the whole process of the business in Pertamina has been running normally. Fuel stations are operating, distribution of fuel, and liquefied petroleum gas is well maintained as we prioritize the energy available for the people.”

She said the transition period towards the adaptation of new habits saw an increase in domestic fuel consumption as it only declined about 12 percent from the previous projection of 20 percent.

“The significant increase in fuel consumption shows the national economy continues to grow in various sectors, therefore Pertamina is optimistic that its performance will remain positive at the end of this year,” she said.

(Writer: Rully R. Ramli | Editor: Erlangga Djumena)

Source: https://money.kompas.com/read/2020/08/25/070700426/ini-3-alasan-pertamina-telan-kerugian-hingga-rp-11-13-triliun.