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Indonesia's new government announces gasoline and diesel price hikes

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18 November 2014

Indonesia's new government announces gasoline and diesel price hikes

Report summary

Indonesia's newly elected President Joko Widodo has declared a 30% hike in prices for retail diesel and gasoline on 17 November 2014, fulfilling his election promise to make fuel reforms a top priority for his government. The price increase could potentially reduce oil consumption and promote gas use in the transport sector.

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