UPDATE 1-Indonesia mulls energy curbs as $60 oil hits budget

Newswire

(Adds comments from President Yudhoyono) By Muklis Ali JAKARTA, June 28 (Reuters) - Indonesia may raise electricity prices, impose automobile taxes and use more natural gas in power generation to combat its growing oil demand and ease budgetary pressures, officials said on Tuesday. A cash squeeze at state oil firm Pertamina, due to heavily subsidised retail prices, and fuel shortages at power stations have heightened the urgent need for oil conservation in Asia's sole member of the ...

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