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Govt slashes fuel subsidies

Related topics: Chapter 2 The Price System (Demand & Supply), Chapter 6 Macroeconomic Problems (Inflation)

Less than a month after assuming the country’s highest public post, President Joko “Jokowi” Widodo hiked the prices of subsidized fuel on Monday in a bid to reallocate the ever-increasing funds spent on fuel subsidies to finance the government’s development programs. 597 more words

News Articles

Indonesia raises fuel price

JAKARTA: Indonesian President Joko Widodo unveiled a hefty increase in the price of subsidised fuel Monday, taking a risky, unpopular first step towards fixing the tattered finances of Southeast Asia’s top economy. 538 more words


India's Modi exploits oil price collapse to end diesel subsidies

India’s government said it will stop fixing the price of diesel, in a move that will cut the bill for fuel subsidies and send a strong signal of its commitment to liberalize the economy and attract investment. 470 more words


No likely end to fuel hikes as govt moves to fill weak coffers

KUCHING: Rumours are rife that the deficit for 2014 will be higher than the targeted 3.5% and that more fuel hikes are likely as the government steps up efforts to reduce its deficit for 2014. 312 more words