Monday, March 9, 2026

Fuel price hike in the cards if budget 'can't bear' oil subsidy

Fuel price hike in the cards if budget 'can't bear' oil subsidy

Finance Minister Purbaya Yudhi Sadewa says the worst-case scenario of domestic crude averaging US$92 per barrel throughout the year could force the government to reduce fuel subsidies or cut spending elsewhere, such as on the free meals program.


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