Wednesday, June 07, 2006

Pertamina under pressure

It's still early in the morning. But this news just made my day. Pertamina decreased the prices of its non-subsidized fuels again, due to consumers' switching to subsidized fuel after an increase last week. Mmh, sounds like Pertamina learned something.

But most entertainingly, Pertamina set the prices even lower at stations where there is ... competition:
Pertamina still applies a special, lower prices at locations near competitors (Shell and Petronas).

You say competition ain't good?

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