Big time price hikes implemented by oil firms

Consumers’ pockets will be ripped off this week with the massive increases in pump prices at the scale of P1.50 to P1.55 per liter for diesel products; and P1.05 to P1.10 per liter for gasoline products.

Towards achieving 1 million BOPD, 12 BSCFD production targets

Indonesia is one of the fastest growing economies in the world, which also drives up the demand for energy. The country has been a net oil importer since 2003, owing to the high domestic demand for energy and declining national oil production.