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.
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
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