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Bali News

Another Hike at the Gas Pumps

Only One Month After the Last Gas Hike, Price Goes Up Again.


Bali News: Another Hike at the Gas Pumps
Click Image to Enlarge

(5/4/2002)

Effective May 03, 2002, the cost of a liter of fuel increased again, only one month after a similar hike.

A liter of premium grade fuel now costs Rp. 1,750 and diesel fuel Rp. 1,390 a liter.

The rapid drastic increases in the cost of fuel reflect the Government's new policy of removing subsidies on fuel and tying the price to current market prices.

Recent History of Fuel Prices in Indonesia

Date
Premium per liter
Diesel per liter
8 January 1993
Rp. 700
Rp. 360
5 May 1998
Rp. 1,200
Rp. 600
16 May 1998
Rp. 1,000
Rp. 550
01 April 2000
Rp. 1,150
Rp. 600
16 June 2001
Rp. 1,450
Rp. 900
29 September 2001
Rp. 1,450
Rp. 945
17 January 2002
Rp. 1,550
Rp. 1,510
01 April 2002
Rp. 1,600
Rp. 1,250
03 May 2002
Rp. 1,750
Rp. 1,390


Conspicuous Environmentalism: Unleaded Gas In Time For Conference?

The Government has also announced that efforts are underway to make sure that unleaded gasoline is available at Bali's gas pumps in time for the major United Nation's Conference on Sustainable Development planned for late May. Since Indonesia does not yet produce such fuel, market observers assume the supply will be imported from Singapore.

Whether unleaded gas will continue to be available in Bali after the conference or how local drivers will manage to recalibrate their engines in order to run smoothly with the new energy source remains unanswered questions.


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


 
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