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Fuel prices most likely to be hiked by almost 30%
The government in Indonesia is planning to hike prices of subsidized fuels by an average of some 28.7 percent. The price hike should become effective on June 1 and is aimed to prevent deficit in the state budget to grow to as much as 2.5% from 2.1% after the last revision last month. The last time that prices of subsidized fuels were hiked in Indonesia was in October 2005, when prices were almost doubled.
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Yerun
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It is about time. It's a daring step just less than one year for presidential elections as well.

An increase to 6.000 Rupiah means that the difference with the Pertamax fuel (non-subsidized) is much smaller, so I can just decide to buy that when the queue is longer than 20 people Emoticon: Wink


Ho Lee Fuk


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