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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: Fuel Price Subsidies

An election sticker with the image of new Indonesian President Joko Widodo is seen on a motorcycle gas tank as it is filled with subsidised fuel at a state-owned Pertamina petrol station in Jakarta October 31, 2014. Indonesia's new government will make changes to its costly gasoline and diesel subsidies before the end of the year, the country's chief economics minister said on Thursday. An advisor to Widodo, who was sworn in on Oct. 20, told Reuters earlier this month that a fuel price hike of 3,000 rupiah was planned by the new government, possibly as early as Nov. 1. REUTERS/Darren Whiteside (INDONESIA - Tags: POLITICS ENERGY BUSINESS) - RTR4C9YL
Posted inAT Finance, Indonesia

Fuel prices drive Indonesia’s election debate

by John McBeth February 20, 2019February 18, 2020

When Indonesian president Susilo Bambang Yudhoyono was forced to raise fuel prices by more than 30% in mid-2008 in response to the global oil market soaring to a record $140 a barrel, he was clearly worried that the unpopular move would threaten his re-election chances. But as the world price eased off later that year, […]

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