JAKARTA – Shares of toll road operator PT Jasa Marga (Persero) Tbk (JSMR) continued to decline following the government’s announcement of a 20% toll discount to be implemented from June to July 2025.

The toll discount, valued at IDR 650 billion, will be financed from sources outside the State Budget (APBN).

As of 2:51 PM Jakarta time during the second trading session on Tuesday (3/6), JSMR shares had dropped 1.57% to IDR 3,770 per share.

The stock opened at IDR 3,840, hit an intraday high of IDR 3,850 and a low of IDR 3,750. JSMR’s share price has fallen 5.99% over the past week and 11.92% over the past month.

According to Kompas.com, Rivan Achmad Purwantoro, Director of JSMR, stated that the 20% toll discount would apply to nine toll roads across Java and Sumatra.

As of the end of March, JSMR operated nine toll segments: Jagorawi, JORR Non-S section, Cikampek-Padalarang, Jakarta-Tangerang, Cawang-Tomang-Pluit, Prof. Dr. Ir. Sedyatmo, Padalarang-Cileunyi, Pondok Aren–Bintaro Viaduct–Ulujami, and Belawan–Medan–Tanjung Morawa.

These nine toll roads contributed IDR 1.73 trillion in revenue to JSMR.

Previously, Finance Minister Sri Mulyani Indrawati announced an economic stimulus package for June–July 2025. “The government will also offer a 20% toll discount, targeting 110 million toll road users,” she said during a press conference on Monday (2/6). (LK/KR/ZH)