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

As Jokowi phases out low-grade petrol, majors hope to increase market share

Published Mon, Feb 16, 2015 · 09:50 PM

    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.