KONTAN.CO.ID - JAKARTA. Indonesia's government has asked state energy firm Pertamina to limit its sales of subsidised fuels so as not to increase pressure on energy subsidies, Finance Minister Sri Mulyani Indrawati said on Thursday. Indonesia has jacked up its energy subsidies this year to 502 trillion rupiah ($34 billion), aiming to keep prices of some fuels and power tariffs unchanged amid rising global energy prices and the rupiah's depreciation. This has helped keep inflation in Southeast Asia's largest economy relatively low, at 4.94% last month. The central bank has also said this provided it with room to delay rate hikes.
Indonesia Asks Pertamina to Limit Subsidised Fuel Sales
KONTAN.CO.ID - JAKARTA. Indonesia's government has asked state energy firm Pertamina to limit its sales of subsidised fuels so as not to increase pressure on energy subsidies, Finance Minister Sri Mulyani Indrawati said on Thursday. Indonesia has jacked up its energy subsidies this year to 502 trillion rupiah ($34 billion), aiming to keep prices of some fuels and power tariffs unchanged amid rising global energy prices and the rupiah's depreciation. This has helped keep inflation in Southeast Asia's largest economy relatively low, at 4.94% last month. The central bank has also said this provided it with room to delay rate hikes.