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Asian gasoline suppliers reassess Q4 sales to Indonesia after fuel price hike

September 16, 2022 Comments Off

Singapore’s middle distillate traders and major Northeast Asian gasoline suppliers including South Korean refiners are expecting a minor setback in automotive fuel exports to Indonesia in the coming months after Jakarta raised fuel prices by more than 30% to curb soaring subsidies. Automotive fuel demand in Southeast Asia’s biggest oil product consuming nation has been fragile amid tepid recovery in…