Jokowi unveils hefty increase in fuel prices to fix ailing economy
Subsidised petrol will rise to 8,500 rupiah a litre from 6,500 rupiah from Tuesday; move will free up funds for programmes to help poor and boost economic growth
Tue, Nov 18, 2014 - 5:50 AM
INDONESIAN President Joko Widodo on Monday raised fuel prices to free up funds for ports and programmes for the poor, fulfilling an election pledge to curtail a decades-old subsidy that has constrained government finances.
The price of subsidised petrol will increase to 8,...