SG Talk

Full Version: Global oil shock reaches Indonesia
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
The sharp rise in global oil prices has crept onto Indonesian shores, with diesel shortages and fuel price hikes unfolding in some parts of the archipelago in recent weeks as the government winds down price control policies for the sake of fiscal consolidation. 

Logistics firms have reported delivery delays because trucks are spending more time lining for Solar, subsidized diesel, at gas stations, particularly in Sumatra, Sulawesi and Kalimantan. 

Meanwhile, state-owned oil giant Pertamina raised the prices of all its unsubsidized gasoline and diesel brands, pushing some consumers to the more limited subsidized variants. Furthermore, the government plans to gradually raise the prices of the subsidized Pertalite brand of gasoline and 3-kilogram liquefied petroleum gas (LPG), the most popular fuel brands in their respective categories, in the coming months.

https://www.thejakartapost.com/business/...nesia.html