Indonesia sees near-term demand hit from fuel rise

Newswire

By Muklis Ali JAKARTA, Sept 29 (Reuters) - The impact of Indonesia's planned increase in domestic fuel prices will cut consumption in the short term, after the current rush to beat the Oct. 1 deadline subsides, state oil company Pertamina said on Thursday. "We predict that from October through the end of November consumption will be lower, because people will travel less. That's why our imports for October are lower than September," Pertamina marketing director Ari Soemarno told Reuters. ...

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