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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


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,...

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