REPUBLIKA.CO.ID, JAKARTA -- President Joko "Jokowi" Widodo announced that the price of Premium and diesel fuel to be decreased on Monday, January 19. The price of 88-octane Premium fuel will decrease from 7,600 IDR to 6,600 IDR per liter, while diesel fuel will decrease from 7,250 IDR to 6,400 IDR per liter.

Jokowi also announced that the price of 12-kilogram LPG will decline from 134,700 IDR to 129,000 IDR. The price of cement is also reduced by 3,000 IDR per sack. The new price will be implemented officially at 00:00 WIB on Monday.

Minister of Energy and Mineral Resources Sudirman Said said government would announce the price of fuel at least every two weeks. "The price of fuel is fluctuating dynamically. We will revise the Ministerial Decree every two weeks," Minister Said said on Friday, January 16.

However, government will announce the new price within a month if the global oil doesn't change significantly. Government also have two days between the announcement and the implementation. "We don't want the business, such as Pertamina, privates and other gas stations, to inflict losses," he said.

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