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The government hinted that retail fuel prices in the country would not be lowered despite the current downward trend in global crude oil prices.
The government will soon announce the new price for subsidized fuel through the Minister of Energy and Mineral Resources.
Pertalite gasoline will be launched after Lebaran this year.
The people will welcome Pertalite gasoline as long as its quality is better than Premium`s, says an economist with Sam Ratulangi University.
The police thwarted Tuesday an attempted smuggling of 500 liters of diesel fuel in Rangkas Bitung, Banten.
The testing of the new gasoline has yet to be completed, says Pertamina president director Dwi Soetjipto.
Pertamina plans to carry out trial to figure out market response to Pertalite after it secures the consent.
If the government launches Pertalite with a price higher than Premium's, it means gas mafias still exist, says Indef director Enny Sri Hartati.
Coordinating Economic Minister Sofyan Djalil says producing Pertalite to replace Premium calls for extra time and thorough considerations.
The launch of Pertalite gasoline can gradually cease the distribution of Ron-88 fuel, known as Premium.
World Bank says the fuel subsidy cut has helped Indonesia averted risks from commodity price declines and market fluctuations.
The automotive industry will need some time to make the necessary adjustments.
Currently, Solar (subsidized diesel fuel) and Premium type fuel are sold at Rp 6,400 and Rp 6,600 per liter, respectively.
The government will adjust the price of subsidized gasoline (Premium) every two weeks starting today.
President Jokowi plans to announce the decrease next Monday.
The price of Premium type fuel may be reduced to Rp. 6,400 or Rp. 6,500 per liter.
Fuel prices will be announced every two weeks until the world's oil price returns to normal.
Coordinating Minister for Economic Affairs hoped that the people can help to conserve the national fuel reserves.
The price of Premium fuel will likely decline in February to below Rp7,000, according to Pertamina.
The maximum price for Premium fuel is said to be set at Rp 9,500 per liter.