Indonesia may hike prices of 90-octane gasoline, subsidised LPG- media

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JAKARTA : Senior Indonesian minister Luhut Pandjaitan said on Friday prices of 90-octane gasoline and subsidised liquefied petroleum gas in 3-kg cannisters may be increased to reflect higher global energy prices, news sites Detik and Kompas reported.The reports come as state energy firm Pertamina lifted p

JAKARTA : Senior Indonesian minister Luhut Pandjaitan said on Friday prices of 90-octane gasoline and subsidised liquefied petroleum gas in 3-kg cannisters may be increased to reflect higher global energy prices, news sites Detik and Kompas reported.

Luhut said following the increase in Pertamax, the price of Pertamina's 90-octane gasoline known as Pertalite could be raised, followed by LPG in 3-kg cannisters, the reports said. Indonesia's inflation rate hit a two-year high in March, official data showed on Friday, as economists warned prices would creep up further as the government raised gasoline prices and the value-added tax rate.

 

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