Indonesian authorities are expected to slash fuel subsidies next month by 44 percent, sending fuel costs soaring. Economists say the subsidies are a costly expense that increases Indonesia’s reliance on foreign oil imports. But they remain politically popular and politicians are worried about a public backlash.
Rising gasoline costs are bemoaned across the globe and particularly in Indonesia – a nation heavily dependent on subsidized fuel.
For decades, fuel subsidies have been politically …
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