Abstract
Fuel consumption in Indonesia is increasing due to rising incomes, the number of motor vehicles in Indonesia. The purpose of this study was to determine the effect of fuel price policy, motor vehicles (motorcycles), per capita income on the consumption of fuel (Premium). The object of this study is the fuel consumption in the Republic of Indonesia period 1985-2014. The design of this research study with a quantitative approach. Analyzed using Multiple Linear Regression Ordinary Least Square method (OLS). Based on the results of this study concluded that the pricing policies have a significant effect on the consumption of premium, per capita income has positive influence on consumption of premium, the number of motorcycles positive effect on premium consumption, as well as fuel prices, per capita income, and the number of motorcycles simultaneously positive effect on consumption of premium.
Highlights
Fluctuations in world oil prices impacting the oil prices and oil consumption in Indonesia
As described in the previous chapter, this study aims to analyze the effect of fuel price policy, a number of Motorcycle and per capita income towards fuel Consumption
Based on the results and discussion, it can be concluded that the price policy, income per capita, and the number of Motorcycles simultaneously have a positive effect on fuel Consumption
Summary
Fluctuations in world oil prices impacting the oil prices and oil consumption in Indonesia. Indonesian government has made various policies on the price of fuel in Indonesia. Any policy aimed to stabilize the fuel price due to rising fuel prices. The increasing of fuel price will affect the prices of other goods. The price of fuel in Indonesia is strongly influenced by world oil prices because Indonesia need an oil import to meet domestic demand. The policy to adjust the fuel price especially premium fuel type has occurred several times since 1980. Start from President Soeharto until 2015 at the current government of President Joko Widodo. It can be seen that during the last 22 years the Indonesian government has implemented a policy of changes in fuel prices in both the increasing and decreasing price policy during different presidential era
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