JAKARTA. At the beginning of 2017, the entrepreneurs have been hit by the two punches at a time, namely the increase in production costs, as well as the threat of declining purchasing power. The first sledgehammer blow to the entrepreneurs was the increase in non-subsidized fuel price by Rp 300 per liter, as well as the increase in the price of fuel for industry. The second blow was the removal of subsidized electricity for the segment of 900 VA. The increase in the price of non-subsidized fuel will definitely increase the price of fuel for industry. Because, “The price’s benchmark is market index,” said Vice President Marketing of PT Pertamina Afandi, Thursday (5/1). The price of fuel for industry is determined by the negotiations between Pertamina (State Owned Oil and Gas Company) with buyers, or business to business.
Fuel price and purchasing power hit entrepreneurs
JAKARTA. At the beginning of 2017, the entrepreneurs have been hit by the two punches at a time, namely the increase in production costs, as well as the threat of declining purchasing power. The first sledgehammer blow to the entrepreneurs was the increase in non-subsidized fuel price by Rp 300 per liter, as well as the increase in the price of fuel for industry. The second blow was the removal of subsidized electricity for the segment of 900 VA. The increase in the price of non-subsidized fuel will definitely increase the price of fuel for industry. Because, “The price’s benchmark is market index,” said Vice President Marketing of PT Pertamina Afandi, Thursday (5/1). The price of fuel for industry is determined by the negotiations between Pertamina (State Owned Oil and Gas Company) with buyers, or business to business.
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