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View all search resultsAfter the recent fuel price hikes, some wonder why even supposedly unsubsidized gasoline in Indonesia is still priced far below global standards despite the high cost of oil imported to the country. And it has a lot to do with definitions.
Police in Asahan regency, North Sumatra, have arrested four people for alleged stockpiling of the subsidized Solar brand of diesel fuel in Aek Ledong district and have confiscated around 3 tonnes of fuel and two tank trucks.
The government’s recent decision to raise the prices of three brands of motor fuel may increase the risk of political turbulence as the prices of other products follow suit and low-income Indonesians feel sharpened financial strain.
The government is set to roll out three social aid schemes worth US$1.62 billion (Rp 24.17 trillion) in a bid to strengthen people's buying power amid the risk of inflationary pressure, as a result of an expected subsidized fuel price hike.
PT Pertamina Patra Niaga, a subsidiary of state-owned oil and gas company Pertamina, has postponed the enforcement of restrictions on the purchase of its subsidized RON-90 fuel and diesel fuel, which were supposed to become effective on Aug. 1.
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