Jakarta Globe, 25 February 2011
The country’s top economic minister on Thursday said planned fuel subsidy cuts might be postponed “indefinitely,” citing soaring world oil prices and accelerating inflation. “The government sees that this is not the right time to implement the restriction plan because global oil prices keep rising,” said Hatta Rajasa, the coordinating minister for the economy.
The government had planned to gradually restrict the sale of subsidized Premium fuel only to motorcycles and public transportation vehicles starting in April.
The country’s top economic minister on Thursday said planned fuel subsidy cuts might be postponed “indefinitely,” citing soaring world oil prices and accelerating inflation. “The government sees that this is not the right time to implement the restriction plan because global oil prices keep rising,” said Hatta Rajasa, the coordinating minister for the economy.
The government had planned to gradually restrict the sale of subsidized Premium fuel only to motorcycles and public transportation vehicles starting in April.
