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
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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.
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