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PT. AKR Corporindo, Tbk

AKR Receives Larger Allocation for Subsidized Petroleum Distribution during 2013

June 03, 2013

JAKARTA, June 3, 2013 - PT AKR Corporindo Tbk (Bloomberg: AKRA IJ), Indonesia’s leading integrated supply chain solutions provider and largest private sector distributor of petroleum and basic chemical, has received assignment from BPH Migas, Indonesian downstream deregulation body, of increased allocation quota of subsidized fuel.

 

The Company, in its filing today with Capital Market Supervisory Body (OJK) and Indonesia Stock Exchange, said that the allocation quota for the year 2013 for distribution of Mogas gasoline RON 88 and diesel (solar) has been increased to 880,850 KL from 267,892 KL earlier. The area of distribution is now expanded to include cities in the province of North Sumatera, Lampung, DKI Jakarta, Yogyakarta, South Kalimantan, West Kalimantan, East Kalimantan, Banten, West Java, Central Java, East Java and Bali also South Sulawesi.

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