L
LequteMan
Guest
The Indonesian government in an attempt to save the economy more than $8bn (£5bn) in 2015, has increased subsidised fuel prices by over 30%.
According to New President Joko Widodo, who took office last month, the increase would bolster government finances and help with the nation's trade imbalance.
Prices were raised by 2,000 rupiah ($0.16; £0.10) per litre, with gasoline now costing 8,500 rupiah and diesel 7,500 rupiah, The British Broadcasting Corporation reports.
Fuel prices in Indonesia are among the cheapest in the world and the unpopular move sparked small protests and long queues at petrol stations in the capital, Jakarta.
Previous price increases have sparked violent protests and reports said young people had clashed with police at a demonstration hotspot before the announcement on Monday.
#Indonesia #Fuel
According to New President Joko Widodo, who took office last month, the increase would bolster government finances and help with the nation's trade imbalance.
Prices were raised by 2,000 rupiah ($0.16; £0.10) per litre, with gasoline now costing 8,500 rupiah and diesel 7,500 rupiah, The British Broadcasting Corporation reports.
Fuel prices in Indonesia are among the cheapest in the world and the unpopular move sparked small protests and long queues at petrol stations in the capital, Jakarta.
Previous price increases have sparked violent protests and reports said young people had clashed with police at a demonstration hotspot before the announcement on Monday.
#Indonesia #Fuel