Indonesia raises fuel prices by 30% and cuts energy subsidies

Fuel prices rose around 30% across Indonesia on Saturday after the government cut some of the costly subsidies that have kept inflation in Southeast Asia’s biggest economy among the lowest in the world. world.
Indonesians have been worried for weeks about an impending increase in the price of subsidized Pertalite RON-90 gasoline sold by Pertamina, the state-owned oil and gas company. Long lines of motorbikes and cars snaked around petrol stations as motorists waited for hours to fill up with cheaper petrol before the increase took effect on Saturday.

The increase – the first in eight years – took the price of gasoline from about 51 cents to 67 cents per liter and diesel fuel from 35 cents to 46 cents.