Indonesia government further cuts fuel price

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JAKARTA (TheInsiderStories) – The Indonesia government has decided to further cut gasoline premium and diesel oil, the second cut this year. The decision takes advantage of the remaining low global crude prices.

Minister for Energy and Mineral Resources Sudirman Said said the price of Premium gasoline will be cut by Rp500 to Rp6,450 per liter from Rp6,950 per liter at present, while diesel oil is reduced to Rp6,150 from Rp5,650 per liter at present.

Meanwhile, the price of kerosene is kept unchanged.

The new price will come into effect from April 1, 2016. The first fuel this year was on January 5.

The minister said the government has decided to review the fuel price sold to consumers every three months. “The current fuel price cut already takes into account the (fasting month and Idul Fitri) festivities in June and July. Therefore, we hope to maintain the fuel prices in the next six months,” stated Minister Sudirman Said.

Meanwhile, Transportation Minister Ignasius Jonan said his ministry will cut public transportation price by an average of 3 percent following the government’s decision to cut premium gasoline and diesel oil. “It will be cut plus minus 3 percent. It depends on whether, they (vehicles) use premium or diesel oil,” he said at a joint press conference at the State Palace.

He said the tariff cuts will be applied to both land, train, ferry and water transportations. (*)

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Source: The Insiderstories
Indonesia government further cuts fuel price

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