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Cost of Fuel on the Increase in Bali

Following a World Trend, Premium Gas Now Costing More at Bali Gas Pumps.

(5/3/2008) The rising cost of fuel globally is being felt at the gas pumps and fuel depots across the island of Bali.

The cost of a liter of premium increased on Thursday, May 1, 2008, to Rp. 9,000 a liter (US$0.98).

A letter issued on April 29, 2008, by the State Oil Company (Pertamina) announced that the increase would have effect at all gas stations on May 1st, increasing the cost of both premium and Biopertamax by Rp. 500 (US$0.054). Meanwhile, the price of other classes of fuels for the industrial sector are being increased between 6.4% 11.3%.

The latest decree on fuel prices provides for the following price increases:

Non-subsidized premium +6.4%

Non-subsidized kerosene +9.4%

Non-subsidized diesel oil +11.3%

Non-subsidized fuel oil +7.5%

The cost of subsidized premium and diesel fuels provided to public transport operators remains unchanged at Rp. 4,500 (US$0.49) per liter of premium and Rp. 4,300 (US$0.467) per liter of diesel. The cost of a subsidized liter of kerosene for use by the general public and small industries remains unchanged at Rp.2,000 (US$0.217) per liter.