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KPPU suspects Pertamina of monopolizing LPG trade

( March 21, 2016, 06:12 GMT | Insight) -- Indonesia’s Business Competition Supervisory Commission suspects state-owned fossil fuels giant Pertamina of monopolizing the liquefied petroleum gas market, restricting private firms from entering the business and imposing prices higher than those in neighboring Asean countries, Tribunnews reports. Indonesia’s Business Competition Supervisory Commission, or KPPU, suspects state-owned fossil fuels giant Pertamina of monopolizing the liquefied petroleum gas market, restricting private firms from entering the business and imposing prices higher than those in neighboring Asean countries, Tribunnews reports. KPPU Chairman Syarkawi Rauf said the watchdog had conducted a preliminary probe of the matter, and that there were indications that the company had imposed excessive prices, harming consumers and hindering other firms selling LPG. Armed with its findings, the KPPU will urge the government to amend regulations that restrict private firms from entering the business and promote gas imports to make prices competitive. ...

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