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Govt to allow Pertamina, PLN to raise fuel, power prices
In an attempt to rein in the ballooning fuel subsidy, the government will allow state oil and gas company PT Pertamina and state power firm PT PLN to charge market prices for fuel and power intended for specific uses. The move is expected to help the government cut projected fuel consumption from 59.69 million kiloliters (kl) to 55 million kl, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said on Monday.
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