Close
Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Fuel Price Set to Soar Next Month
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Fuel Price Set to Soar Next Month

Indonesia’s Days of Cheap Fuel Likely to End Abruptly in October. A Looks at Comparative Fuel Prices Around the World.


Bali News: Fuel Price Set to Soar Next Month
Click Image to Enlarge

(9/19/2005)

There now appears little doubt that Indonesia's days of cheap fuel prices may be coming to a screeching halt in October as the Government, doubly-burdened by a weakening Rupiah and skyrocketing world fuel prices, is no longer able to sustain the burden of massive public fuel subsidies and introduces widely anticipated fuel price increases.

While policymakers in Jakarta weigh the political and economic repercussions of the various alternatives open to them, many analysts are now warning consumers to expect fuel prices to increase by as much as a minimum of 50%. Moreover, some observers predict that the cost of premium and diesel, now standing at between Rp. 2,400 and Rp. 2,200 per liter, could possible increase by as much as nearly 100% to between Rp. 4,000 – Rp. 5,000 per liter (approximately US$0.39 – US$0.49).

Prices paid by Indonesians at the gas pumps, among the lowest in the world, are a major contributor to the growing national debt and a major stimulus for corruption for smugglers who sell Indonesian fuel abroad at substantial profits at world market prices.

What it Costs to Fill Up Your Tank

In an informal survey of the price of vehicle fuel, we present the current approximate cost of a gallon of premium gasoline in selected countries around the world. As the chart presented on balidiscovery.com shows, Indonesia enjoys some of the cheapest gasoline prices in the world.

If, as some fear, the price of a gallon of Indonesian gasoline increases to something approaching US$1.82 a gallon, Indonesia motorists will still enjoy access to some of the lowest cost gasoline on the planet.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
A Voice from Ukraine. A Voice from Beyond
I Wayan Sujana: Born Bali - 1989 Died Ukraine -2014
(7/21/2014)
Calling all F&B Professionals
Join a Feast Breaking Gathering of Bali Culinary Professionals on Saturday, July 26, 2014 at Pica Tapas Bar
(7/21/2014)
Bali, Mystical and Darkly Magic
Séance Held to Communicate with one of the Balinese Victims of the Shoot Down of MH17
(7/21/2014)
The Hills are Alive with the Sound of Jazz
Ubud Jazz Festival August 8-9, 2014
(7/20/2014)
Tree of Death
Young Australian Designer Commits Suicide in Dalung, Bali
(7/20/2014)
Interrupted Journey to Paradise
Six Bali Residents Die in Crash of MH 17 Shot Down Over Ukraine
(7/20/2014)
Colorfast Rainbow
Sanur Beach Now Home to Rainbow Coin Laundry - Our Favorite Laundromat.
(7/20/2014)
Show Them the Door
DPR Tells BUMN Minister Dahlan Iskan to Replace all Merpati Directors
(7/20/2014)
Self-energizing
Bali Needs to Become More Energy Independent
(7/21/2014)
Seeking a Lion’s Share of Jetstar
Lion Air Reported to be Seeking to a 49% Share of Jetstar from Qantas Airways
(7/19/2014)
A Disgusting Shell Game
Police Arrest Man Attempting to Sell Turtles to Bali Restaurants
(7/19/2014)
A Decade of Thanks
Balinese Thanksgiving of ‘Nyelung’ Celebrated Once every Decade by Gianyar Farmers
(7/19/2014)
All [News]!
 
Tourism and Transport Tourism Agents