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Ratio of fuel cost to textile production cost in Indonesia |
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According to the Indonesian Textile Association, the percentage of fuel cost in the total cost of textile production is rising sharply, which is 28% for spinning, 18.5% for fiber, 14.4% for wovens and knitted, 14.4% for dyeing, 13.9% for printing and finishing and 1.3% for sewing.
Indonesia's national oil and gas company, Pertamina, raised the fuel price in March again, and the price went up by 3.2~6.5%. Meanwhile, for coal, domestic coal companies have been shifting most of the supplies to high-margin exporting due to an advance of international prices, which tightens domestic demand and supply, sending coal prices through the roof.
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