Year on, Indonesian fuel price rise still stings

Newswire

By Jerry Norton JAKARTA, Sept 29 (Reuters) - Indonesians still smarting a year after Jakarta doubled domestic fuel prices may have adjusted to a less mobile life, but are unlikely to use more fuel soon, even without another shock increase. A year ago Jakarta slashed subsidies holding down domestic fuel prices, with the result that retail gasoline, diesel and kerosene rates soared more than 100 percent on average, in turn boosting costs in many other areas as the impact rippled through ...

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