JAKARTA (AFX-ASIA) – Government fuel subsidy spending this year may swell to 36 trillion rupiah against the 14.5 trillion assumed under the state budget due to high world oil prices, the daily Kompas reported quoting the president of state-owned oil and gas company PT Pertamina. (US$1=9,200 rupiah). Pertamina President Ariffi Nawawi said high oil prices…
INDONESIA: 2004 fuel subsidy may hit 36 trillion rupiah vs 14 trillion in budget
Posted on June 8, 2004 by EnergyAsia