Fuel price hike in the cards if budget 'can't bear' oil subsidy
Though Indonesia has eight refineries with a total capacity of 1.2 million b/d.
Fuel price hike in the cards if budget ‘can’t bear’ oil subsidy - Regulations - The Jakarta Post
Fuel price hike in the cards if budget ‘can’t bear’ oil subsidy - Regulations - The Jakarta Post
Finance Minister Purbaya Yudhi Sadewa says the worst-case scenario of domestic crude averaging US$92 per barrel throughout the year could force the government to reduce fuel subsidies or cut spending elsewhere, such as on the free meals program.
www.thejakartapost.com
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