Indonesia Fuel Hike To Take Effect After Compensation Plan Finalised

by
Reuters
Indonesia will hike petrol prices once the government has finalised the process to compensate poor families for the rise in fuel costs, the finance minister said on Tuesday.

Indonesia Fuel Hike To Take Effect After Compensation Plan Finalised

Indonesia will hike petrol prices once the government has finalised the process to compensate poor families for the rise in fuel costs, the finance minister said on Tuesday.

Chatib Basri did not provide a specific timeline on when that may occur.

Under the government's measures, ordinary gasoline will rise 44 percent and diesel by 22 percent. Parliament approved the plan on Monday.