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Read More »Indonesia hikes fuel prices to rein in ballooning subsidies
Indonesia raised subsidised fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests. The price of subsidized gasoline was raised to 10,000 rupiah ($67 U.S. cents) a liter from 7,650 rupiah, while that of subsidized diesel rose to …
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