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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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A motorist arrives to purchase fuel at a Total petrol station in south Jakarta. President Joko Widodo's decision to scrap petrol subsidies has removed one of the biggest obstacles stopping motorists filling up at pumps owned by foreign firms.

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

sentifi.com

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