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Indonesia may hike fuel prices next week

INDONESIA’S president may announce a fuel price hike next week to reduce spending on energy subsidies, senior minister Luhut Pandjaitan said on Friday(Aug 19). South-east Asia’s largest economy has tripled its 2022 energy subsidy budget to 502 trillion rupiah (S$46.9 billion) amid rising oil prices and a depreciating rupiah. President Joko Widodo said earlier this week […]

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