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View all search resultsState-owned energy holding company Pertamina lowered the prices of its subsidized and non-subsidized gasoline by up to Rp 800 (6 US cents) per liter on Sunday, a move some consider political ahead of the presidential election in April.
Despite state energy company Pertamina’s objections to the presence of unofficial gasoline kiosks known as Pertamini, there are those who find the service convenient, while it appears the kiosks remain safe from being shut down.
The government plans to allocate at least 4.3 million kiloliters of Premium-brand gasoline in Java, Madura and Bali until the end of the year, in line with President Joko “Jokowi” Widodo’s instruction to ensure that the cheapest gasoline was available until 2019.
President Joko “Jokowi” Widodo has reportedly given his approval for a revised presidential regulation ensuring the supply of Premium-branded gasoline in Java, Madura and Bali, regions where the fuel was previously phased out.
State-owned energy giant Pertamina is set to import EURO IV gasoline to comply with the government’s mandate to boost the air quality of several regions prior to the 2018 Asian Games (Asiad) in August and the annual meeting of the International Monetary Fund (IMF) and World Bank in October.
As a consequence, the government will have to phase out RON 88 gasoline, which constitutes 87 percent of fuel consumed in the country. This policy will definitely affect the majority of car owners, who have enjoyed subsidized Premium fuel for a long time at the country’s expense.
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