The Indonesian government and the House of Parliament’s working committee reached an agreement last week to reduce 2005’s national budget allocated to fuel subsidy from an earlier target of Rp 21 trillion to Rp19 trillion, according to Antara news agency. (US$1 = 9,009 rupiah). Committee chairman Arief Mudatsir Mandan said the government estimated that…
Government promises to reduce fuel subsidy next year
Posted on September 23, 2004 by EnergyAsia