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Subsidised Fuel

Indonesia Hikes Fuel Prices to Rein in Ballooning Subsidies

Subsidised Fuel
Indonesia will raise subsidised fuel prices by about 30% on Saturday from 2.30 PM

KONTAN.CO.ID - JAKARTA. Indonesia will raise subsidised fuel prices by about 30% on Saturday, top officials said, as the government moves to rein in ballooning subsidies despite a risk of mass protests.

From 2:30 p.m. (0730 GMT), the price of subsidised gasoline will rise to 10,000 rupiah ($67 U.S. cents) a litre from 7,650 rupiah, while that of subsidised diesel will increase to 6,800 rupiah a litre from 5,150 rupiah, energy minister Arifin Tasrif said.

President Joko Widodo said the decision to adjust fuel prices was a difficult one and was his "last option".

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