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Indonesian government pledges not to increase fuel prices
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A customer holds a fuel nozzle before filling up a motorcycle at a petrol station of the state-owned company Pertamina in Jakarta, Indonesia, on March 10.
PHOTO: REUTERS
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JAKARTA – Indonesia’s government is holding subsidised fuel prices steady through year-end as global oil price tops US$100 a barrel, with Finance Minister Purbaya Yudhi Sadewa saying the state will absorb the shock rather than pass it on to consumers.
“No, (fuel prices will not increase). The pressure will be absorbed in the state budget. If we allow (fuel prices to increase), like in other countries, people could panic,” Mr Purbaya said on March 20, as quoted by Antara.
