Indonesia flipping back and forth on raising fuel prices

October 10, 2018 |

In Indonesia, on the back of rising petroleum prices, the Jakarta Post reports that Pertamina raised fuel prices for non-public service obligation (PSO) biodiesel blends and regular gasoline. PSO fuel prices remained unchanged. The company said that it wasn’t going to raise fuel prices in regions recently hit by back-to-back natural disasters. Just a few hours later after the energy minister announced the price increase, the government annulled the price hike after political backlash saying prices needed to be discussed.

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