Innovate, improve efficiency to reduce petrol prices - Saifuddin Nasution

Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail is calling on petrol companies and petrol station operators to be more innovative and efficient in their operations to reduce petrol pump prices.

He said the government had formulated the Competition Act 2010 to drive competition among businesses to offer better prices for consumers.

Saifuddin, however, said in reality, not all competitive models are beneficial to the public...