Premium Gasoline & Diesel Fuel Prices in Indonesia Cut per 1 April
Per 1 April 2016 Indonesia's premium gasoline and diesel fuel prices decline by IDR 500 (approx. USD $0.04) per liter. Provided no shocks occur on the international crude oil market, these prices will remain at this level up to 31 September 2016. In January 2015 the Indonesian government scrapped generous subsidies for premium gasoline and capped the subsidy for diesel fuel at IDR 1,000 per liter. Ever since, Indonesian authorities evaluate prices of premium and diesel each quarter and determine prices based on crude oil price movements on the international market.