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Indonesia planning fixed petrol subsidy by 2016: official

Once subsidies were set, pump prices would rise and fall with the exchange rate and oil costs, said the finance minister.


INDONESIA'S finance ministry plans to propose a fixed petrol subsidy of 1,000 rupiah (11 Singapore cents) to 2,000 rupiah a litre, said a government official who asked not to be identified because the discussions are private.

The ministry will submit the proposal to...