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Indonesia hikes fuel prices by 30%, cuts energy subsidies

Por: ABC News Business September 19, 2022

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JAKARTA, Indonesia -- Fuel prices increased by about 30% across Indonesia on Saturday after the government reduced some of the costly subsidies that have kept inflation in Southeast Asia’s largest economy among the world’s lowest.Indonesians have been fretting for weeks about a looming increase in the price of subsidized Pertalite RON-90 gasoline sold by Pertamina, the state-owned oil and gas company. Long lines of motorbikes and cars snaked... + full article



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