Indonesia’s state energy company Pertamina is losing 80 billion rupiah ($6 million) a day from the sale of fuels at prices set by the government below market rates, it said on Wednesday.
“We may negotiate this loss with the government (in exchange for) the payment of dividends,” Pertamina finance director Arief Budiman told reporters, adding that the company’s losses from fuel sales this year have so far reached 12 trillion rupiah.
Pertamina’s first-half profits halved this year to $570 million from $1.13 billion in the first six months of 2014, Budiman said.
The company on Wednesday also reported domestic fuel sales had dropped 8 percent in the first half.
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