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At the Stroke of Midnight

Gasoline and Diesel Prices Increased in Indonesia at Midnight, Friday, June 21, 2013

(6/22/2013) Fuel prices increased across Indonesia at midnight on Friday, June 21, 2013.

A liter of premium rose 44% to Rp. 6,500 (US$0.65) per liter, while diesel fuel rose 22% to Rp. 5,500 (US$0.55) per liter.

 
According to the Bali Post, the increase was announced by the Minister of Energy and Natural Resources, Jero Wacik, at the office of the Coordinating Minister of the Economy on Friday. The increase took effect from midnight that same day.
 
Jero Wacik said the government pledged in the wake of the hike to increase national production of fuel targeting 1 million barrels of crude oil per day with a concomitant increase in gas production.
 
In Denpasar, the government's announcement sparked long lines at gas pumps as people line up to full up their tanks for the last time at the “old” price.
 
In the ensuing rush, some gas stations reportedly ran low on fuel supplies during the course of the evening.