Joko must now make case for fuel price hike to voters
Jakarta
AFTER announcing Indonesia's second hike in the price of subsidised fuel in as many years, President Joko Widodo faces the daunting task of selling the reform not only to voters but to members of his own party.
The Indonesian Democratic Party of Struggle regularly opposed raising the price of subsidised fuel during the decade it was in opposition. When it last held the presidency, Megawati Sukarnoputri, its chairwoman, resisted raising the price of fuel while campaigning for re-election in 2004, only to see her successor have to raise the price twice the next year.
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023