Oil giants muscle in on Indonesia's pumps as subsidies are scrapped

Jakarta

GOVERNMENT price-fixing has largely shut them out for decades, but foreign oil companies at last see an opportunity to sell gasoline on a mass scale in Indonesia.

President Joko Widodo's scrapping of gasoline subsidies has removed one of the biggest obstacles stopping motorists filling up at pumps owned by foreign firms.

And with more than one million new cars and almost eight million motorcycles sold yearly, South-east Asia's biggest economy is a potentially lucrative market forecast to become the world's …