(EnergyAsia, July 20) Ð Indonesia’s House of Representatives revised upward the 2005 state budget to approve Rp 76.5 trillion in fuel subsidies, but this is likely to provide only temporary relief as oil prices continue to rise. (US$=Rp9,790). Fuel subsidies could balloon further as world oil prices reached a new high of more than…
INDONESIA: Lawmakers raise fuel subsidies to US$8 billion amid rising oil prices
Posted on July 20, 2005 by EnergyAsia