Indonesia - 01

Indonesia: Reduced Gasoline Subsidies Test Widodo’s Resolve

In late March the Indonesian government increased the price of subsidized gasoline from $0.52/liter to $0.56/liter, raising it by 500 Indonesian rupiahs (IDR). Energy Minister Sudirman Said explained that the actual market value of gasoline is $0.61/liter (IDR7,900) and that the depreciation of the rupiah against the US dollar necessitated the price increase. The minister emphatically ruled out the possibility of returning to lower subsidized prices.


To continue reading, please submit your contact details along with a short message below indicating what you'd like to learn more about and we'll get back to you.