The increase in retail prices of gasoline and diesel in Indonesia is aimed at cutting the high cost of subsidizing domestic consumption and freeing more oil for export. Gasoline now costs US$0.75 a gallon in Indonesia, while diesel costs US$0.68. Last year, the US$6.8 billion subsidies absorbed one-seventh of all government spending.
Sun, Feb 27, 2005 - Page 10 News List
Indonesian minister tackles oil prices
QUOTAS Although some of OPEC's larger producers seem to be getting comfortable with higher oil prices, Indonesia is concerned about the impact on its public finances
NY TIMES NEWS SERVICE , JAKARTA
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