Pertamina will soon launch a new oil fuel product Turbo with Research Octane Number (RON) 98 to expand the market of its non subsidized oil fuels.
General Manager of Pertaminas southern Sumatra Regional Marketing Operation Herman M. Zaini said the production of Turbo is part of the companys bid for survival amid the shrinking prices of oil now diving to as low as US$35 per barrel.
“After the success in launching Pertalite Pertamina will soon come up with Pertamax Turbo to give more choices for the consumers of non-subsidized oil fuels, and to reduce the consumption of subsidized oil fuel,” Herman said here on Tuesday.
He said currently Pertamina is focused more on business in the downstream sector as business in the upstream sector which normally contributes 70 percent to its income, has suffered badly with deficit as a result of oil price fall.
The decline in business in the upstream sector, however, has positive effect as it forced Pertamina to innovate and turn out new marketable products in the country and abroad, he said.
Previously Pertamina had only gasoline products of Premium with RON 88, Pertamax RON 92, Pertamax Plus 95, and Pertamax Racing RON 100, but now it also has Pertalite RON 90 and soon there would be Pertamax Turbo, he said.
“Currently Pertamina exports lubricant oil to 26 countries including Middle east countries. And now Pertamina is seeking contract for supplying oil fuels for fuel filling stations in Myanmar. Tender is being in the process,” he said.
If Pertamian won the tender, it will build 1,360 public fuel filling stations in cooperation with Myanmar state company Myanmar Petroleum Products Enterprise, he said.