You are here

Indonesia to cap, scrap fuel subsidies

Jokowi govt's biggest changes to decades-old system aimed at taking the economy forward
Thursday, January 1, 2015 - 05:50

Jakarta

INDONESIA will cap the diesel subsidy and scrap aid for petrol beginning Thursday, the biggest changes to a decades-old system that has tied up budget funds and bloated energy imports.

President Joko Widodo's government will implement a fixed diesel subsidy of 1,000 rupiah