Hard Cache

There was massive hoarding just before the fuel price increase. In two days, a profit of Rp114.6 billion was gained from hoarding premium gasoline alone.

October 4, 2005

AT a glance, nothing appeared suspicious at the gas station on Jalan Lenteng Agung 44, South Jakarta. Perhaps this was because a crowd of buyers had come and gone after the owner put up the sign that read, “No More Premium.” The same happened at the gas station on Jalan Kafi, not far away.

Gradually the local residents started wondering. The two gas stations ran out of fuel more frequently as October 1, the day new fuel prices were to

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