Indonesia to hike fuel prices this month

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Indonesia to hike fuel prices this month

JAKARTA Indonesia plans to hike fuel prices this month to control energy subsidies, according to news website Bisnis.com on Monday, citing comments from the country's energy minister.

Energy Minister Arifin Tasrif said that the price hike will be complemented by rules on subsidised fuel sales.

State energy firm Pertamina, which sells subsidised fuels, declined to comment, saying fuel price policy is the government's domain.

Last week, finance ministry officials said that amount may not be sufficient as consumption of subsidised fuel has nearly reached the quota for the whole year.

President Joko Widododo has mentioned this year's energy subsidy allocation is too large, but he hasn't referred to a plan to hike fuel prices.